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News - Page 4

Making Tax Digital comes into force

Making Tax Digital comes into force From 1st April 2019, Making Tax Digital for VAT (MTD) came into force for all VAT registered businesses with taxable supplies in excess of

SRG student takes top award

SRG student takes top award SRG student, Lauren Chilton, has been awarded the Chris Reay Memorial Prize, for achieving the highest annual marks at the Professional Level exams. The Chris Reay

Taxation on dividends

Taxation on dividends Currently all UK dividends are paid with a notional 10% tax credit.   In effect, basic rate taxpayers do not incur any additional on dividends received and higher rate

Understanding Inheritance Tax

Understanding Inheritance Tax Perhaps the most important aspect of effective financial planning is the anticipation of problems before they arise. One potential pitfall waiting for the unprepared is Inheritance Tax

Tax Tips for the Smaller Company

Tax Tips for the Smaller Company Taxation is an unavoidable part of any business but it is not necessary to pay more than you have to. In these challenging economic

Minimising Payments Through Effective Tax Planning

Minimising Payments Through Effective Tax Planning Well devised tax planning is an essential part of managing the taxes of any business. Effective tax planning advice offers the opportunity to substantially

How To Reduce Your Capital Gains Tax Bill

How To Reduce Your Capital Gains Tax Bill Capital Gains Tax (or CGT) is a tax on the gain or profit you make when you sell, give away or otherwise

Changes to Pension Lifetime Allowance

Changes to Pension Lifetime Allowance From 6 April 2014 the lifetime allowance will be reduced to £1.25m. If your pension savings are worth more than the lifetime allowance, then when

New ISA limits

New ISA limits Chancellor George Osborne announced that the overall ISA contribution will be upgraded in this new tax year from £11,280 to £11,520. The 2.1% rise means that half

New tax year – new allowances and benefits

New tax year – new allowances and benefits As the new tax year dawns on 6th April, a range of changes are introduced to the tax system. These include increases

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