Business property relief Business property relief (BPR) is a way for UK businesses to reduce or eliminate inheritance tax on certain business assets. BPR was… Read More »It is possible to reduce inheritance tax by using the business property relief
As a business owner or investor in the UK, it is important to understand the rules and processes involved in receiving interest from companies. In this article, we cover withholding tax, the CT61 form, and how to claim a tax credit for withheld tax. Get the information you need to comply with UK tax laws and ensure that you are accurately reporting your income.
A number of changes are coming to income tax in April 2023 that will affect taxpayers across the UK. Many of these measures were announced… Read More »Income tax: what’s changing?
Spring Statement changes are coming into effect. How will these changes to affect you? As you may have heard, there are changes happening to National… Read More »NIC Changes are coming into effect
Research and development (R&D) tax credits were once a little-known tax incentive for companies which invested in innovation. However, rules have changed in recent years,… Read More »R&D Tax Benefit for companies
By the time you’re reading this, the new tax year has already started. But there are some Personal Tax changes kicking in from 6 April… Read More »Personal tax changes for 2022/23
The Government has opened a public consultation into a new online sales tax (OST). This is expected to “rebalance” the taxation of online and in-store… Read More »Public consultation for online sales tax
More than two million people missed the self-assessment tax return deadline on 31 January 2022, according to HMRC. The tax authority said more than 10.2… Read More »Deadline for Self-Assessment, missed by millions
A basis period is the period that HMRC tax your income/profits for. Individuals, trusts, and partnerships with trading income, are subject to the basis period… Read More »Tax Year Basis Update
A chunk of time has passed since the self-employed income support scheme (SEISS) was launched. This happened back in May 2020, following the onset of… Read More »The SEISS & 2020/21 income tax returns