How the Non Dom Abolition and Golden Visa Revival Affect UK Businesses
Since 6 April 2025, the UK has dismantled the historic non dom tax status, ushering in a residence based regime: […]
Planning
Personal tax liabilities – due 31 January 2025
If you have any personal tax liabilities due, these will be payable on 31 January. This will not only be
Capital Gains and losses?
The current annual capital gains exempt amount is £3,000. However, we may see this alter in the October budget. Be
The 60% tax trap
Apparently, over half a million taxpayers paid a marginal tax rate of 60% in 2022/23! This 60% tax rate does
Cash basis or accruals basis?
From April 2024, cash basis accounting, where income or costs are recorded at the date the money is either received
Pre Budget tax planning and actions
Care is needed if you are undertaking and actions prior to the budget at the end of October to avoid
IHT – Inheritance Tax
Nearly £6bn of Inheritance Tax (IHT) was collected in the 2021/22 tax year according to the latest Government figures –
Directors Loans
All too often, directors treat the company bank account as if it were their own personal funds, and just help
Are you paying dividends legally?
It is common for a limited company to remunerate the directors/shareholders via a combination of dividends and salary. A dividend
P11D and Class 1A National Insurance
A reminder about payments relating to benefits in kind and National Insurance. Employers must pay Class 1A National Insurance contributions