Do you have a will? Or a will trust, or a family trust? Do you really understand its tax implications? And if you don’t have a will, do you fully appreciate the implications for those you may leave behind? Research from Macmillan Cancer Support reveals 63% of UK residents do not have a will. […]
Fuller Spurling’s tax briefing on the 2020 Budget Surcharge on home purchases Help with Statutory Sick Pay during COVID-19 (Coronavirus) NIC allowance & holiday, changes from 6 April 2020 Easing the pension charges – thresholds increase Car & van benefits – changes to electric car savings Entrepreneurs’ relief capped Relief from business rates for […]
Fuller Spurling’s Spring 2020 tax briefing is now available, with guidance and information on the following… Capital Gains Tax (CGT) – pay in 30 days! IR35 off-payroll working rules, 6 April 2020 New NIC thresholds announced ahead of the budget Restricted Employment Allowance, worth up to £3k per year Company accounts & returns – […]
Fuller Spurling’s year-end tax review. Introduction, tax law changes to come? Interest on savings – how to reduce tax you pay by controlling the type of income you receive ‘Max out your state pension’ – have you checked if you’ll qualify for the full state pension? ‘Give & save’ – how Gift Aid donations […]
Disguised remuneration loan charge Loan Charge review – what’s next? “The changes should reduce the tax bills of over 30,000 people, with 10,000 plus now not having to pay anything.” The loan charge was introduced to counteract the tax advantage gained by many who used disguised remuneration schemes, often known as Employee Benefit Trusts, or […]
(hint: from April 2020 you might want to – £££s) From 1st April 2020 the tax efficiency of choosing an electric car as a company car might make it attractive from a financial perspective as well as a green one. Why would you choose an electric car for your company car? Well, we are all […]
Fuller Spurling’s December 2019 tax briefing is now available, with updates and information to keep you up to date with the current tax situation regarding… Capital Gains from off-plan homes following a recent Court of Appeal’s decision Changes to company-car taxable benefits Reporting of Offshore Investments Funds on your Tax Return Making tax digital (MTD) […]
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.
Where an individual works through his or her own personal company to provide services, such as IT consultancy, that company must abide by the “IR35” rules