by superadmin | May 29, 2025 | Tax
Anyone making disposals of assets on or after October 30, 2024, will need to take some extra steps to calculate any Capital Gains Tax (CGT) due. The extra steps, which will affect individuals, trustees and personal representatives, have resulted from the...
by superadmin | May 21, 2025 | Tax
Inheritance Tax (IHT) receipts from April 2024 to March 2025 have risen by £800m compared to same period the previous year. This is largely a feature of the nil rate band – the amount you can have in your estate before you must pay IHT – and the residence nil rate...
by superadmin | Apr 22, 2025 | HMRC, Tax
With the clock ticking toward the April 2026 deadline, many self-employed individuals, landlords, and small business owners are trying to make sense of what Making Tax Digital for Income Tax (MTD IT) really means. This guide offers comprehensive answers to the most...
by superadmin | Apr 2, 2025 | HMRC, Tax
Around 1.1m of us missed the January 31 deadline to file our self-assessment tax returns for the 2023/24 tax year. For each person, this means at least a £100 penalty and potentially additional charges if the return continues to not be filed or the tax due paid for a...
by Ruth Clark | Mar 12, 2025 | HMRC, Tax
Now is the time to work towards maximising your end-of-year tax planning before the new tax year starts on April 6. If you haven’t used all your allowances and reliefs for this tax year, then in the coming month, you should make the time to address this. By using up...
by superadmin | Mar 5, 2025 | HMRC, Tax
While most of us were ringing in the New Year with a chorus of Auld Lang Syne or nursing a hangover from the revelries, nearly 25,000 people filed their tax return on January 1, 2025, according to HMRC figures. Most people – 2,603 – filed their returns between 14:00...
