Category: HMRC
Inheritance tax (IHT) planning
When you have worked hard during your life, you want the wealth that you have built to benefit the people…
Company account filing
Making an application to extend the period allowed If coronavirus (COVID-19) has affected your company and you need more time…
Capital Allowances: Would a tax rebate be beneficial at these unprecedented times?
What are capital allowances? Capital allowances provide annual tax deductions, as a percentage of the amount spent on certain property-related plant and machinery including: electrical systems, including lighting systems cold water systems space or water…
Business support at a glance
Key announcements to support people and businesses In response to the coronavirus (COVID-19) outbreak, Chancellor Rishi Sunak has set out a package of temporary, timely and targeted measures to support people and businesses through this…
Summary of the UK Government’s policy on ‘Furlough’
Q: What does the word ‘furlough’ mean? Furlough generally means a temporary leave of absence from work. This can be due to economic conditions affecting a particular company or the country as a whole. Until…
VAT ON DEPOSITS
With so many events having to be cancelled or postponed, we thought a reminder on the rules surrounding VAT on…
Future retirement security
Future retirement security More younger women opting out of pensions Young women are putting their future retirement security at risk by opting out of their workplace pension[1]. The analysis shows a worrying spike in opt-outs,…
Retirement savings longevity
We all want to ensure we have sufficient funds when we retire so we can spend our time the way that we want to. But how realistic are your current…
Retirement options
Retirement options £19m released each day since pension freedoms launch In his 2015 Spring Budget, then-chancellor George Osborne introduced sweeping changes to the way that pensions are taxed. The new pension freedom rules have led…
Divorcees risk losing out on pensions
Divorcees risk losing out on pensions Dividing this asset is of vital importance to avoid pension poverty Divorce is an…