Two changes are likely to most significantly impact our clients – for businesses, employers national insurance is increasing. However, for small employers with just two or three employees the impact is likely to be minimal. Larger employers will suffer significantly. For employees, non-dom status is being abolished and replaced by a much simpler regime. But […]
Find out moreWhat’s the inheritance tax rate? The simple answer to the question is 40%. But – it would be a huge and potentially expensive mistake to believe that this is where the Inheritance Tax story ends. Far from it. In fact, Inheritance Tax is one of the most complex aspects of UK tax legislation. Get it […]
Find out moreThis is the time of year when key tax deadlines start to loom large. Miss these, and the result is almost certainly heavy penalties. These dates apply for the tax year 2020/21, which ended on April 5th this year. You can read about deadlines and penalties here. 5th October 2021 – register for self-assessment Is […]
Find out moreThis article will be of interest to business owners looking to buy a UK commercial property. Its aim is to give you a brief introduction to the key points to consider about whether to buy a property: outright (freehold); as a long leaseholder; or to rent a property as a short leaseholder. Freehold vs Leasehold […]
Find out moreAs part of the measures to support the economy during the COVID 19 pandemic, the Chancellor of the Exchequer introduced a Stamp Duty Holiday. This effectively suspended or reduced (depending on the value of the house purchase) Stamp Duty on house purchases. The holiday began on July 8th 2020, and is due to end on […]
Find out moreAim of note The aim of this note is to summarise some of the policies announced in yesterday’s budget. I have selected the points that are most likely to be relevant to our clients. The list is not meant to be comprehensive. You can see a summary of the points here and the full budget […]
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