HMRC are increasing the number of letters issued to taxpayers from its Risk and Intelligence Service, Offshore department.
There are important changes to the conditions that apply in order for a taxpayer to claim Entrepreneur’s Relief (ER) on disposal of their shares in their personal company.
Important changes will come into force in April 2020 which relate to tax relief that is due on the sale of property which was previously a taxpayer’s Principle Private Residence “PPR” during any point in the period of its ownership.
With the 2019/20 tax year commencing on April 6th, there are some changes coming into play affecting individuals and businesses.
This is our 2017/2018 tax data sheet
From 6 April 2016, if you employ an apprentice you may not need to pay employer Class 1 National Insurance contributions.
This is our tax data sheet for 2016/17
Non-UK domiciled individuals resident in the UK who are claiming the remittance basis of taxation of non-UK income/gains and are looking for investment opportunities in the UK may want to consider the reliefs available to them under business investment relief and the Enterprise Investment Scheme (EIS)
Have you thought about the impact of the Summer Budget regarding dividends income from 6th April 2016?
Fuller Spurling has strengthened its tax function by the recent appointment of Colin Murrell CTA. Colin will be working closely with Patrick Hope and the other partners and staff.
The 2015 Summer Budget had some unexpected changes especially for small business owners. There were some winners and some losers as might have been expected, this note details some of the good news and the bad news – unfortunately there was more bad news than good.
Some Inheritance Tax liability is avoidable by careful early planning and just as important is the risk that if you do survive a partner that you may not have enough remaining funds to enable you to enjoy the remainder of your lifetime in the manner that you would wish.