by Ruth Clark | Oct 27, 2023 | Tax
What Is Group Relief? Group Relief is a tax provision that allows companies within the same corporate group to share tax losses and certain other tax attributes. In essence, it enables profitable group members to offset their profits with the losses of other group...
by Ruth Clark | Oct 18, 2023 | HMRC, Tax
Anyone who has become self-employed, was in a business partnership, earned more than £100,000 or had to pay the High-Income Benefit Charge this year has until October 5 to speak to HMRC to register for self-assessment. Millions of people each year need to do a...
by Ruth Clark | Oct 13, 2023 | Tax
The Power of Pension Contributions Contributing to a pension scheme is a smart financial move that not only helps secure your retirement but also comes with valuable tax advantages. When you make contributions to a registered pension scheme, you have the opportunity...
by Ruth Clark | Oct 9, 2023 | Tax
Gifts from Non-Resident Parents Receiving gifts or assets from parents who are not UK residents is a common scenario, especially in today’s interconnected world. While such gifts can be a source of financial support or a way to pass on family wealth, it’s...
by Ruth Clark | Oct 2, 2023 | Tax
What Are Child Benefits? Child Benefits are payments made by the government to support parents or guardians in raising their children. These payments are typically made on a monthly or weekly basis and can provide essential financial assistance for families. Are Child...
by Ruth Clark | Sep 20, 2023 | Tax
The ability to legally assign an income tax repayment, or the right to an income tax repayment, to a third party has been removed by HMRC from March 15 this year, meaning any repayment will remain the legal property of the taxpayer in question. The change affects...
