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 moreTax Planning The end of the current tax year is approaching fast. But just because several weeks will pass before we embark on the new 2022-23 tax year doesn’t mean we can afford to be complacent. Leaving tax planning until April 1st could cost you money. Planning, by definition, means devising a strategy in advance. […]
Find out moreAre Potential UK Tax Cuts by 2024 likely? Surprisingly, news has emerged in recent weeks about discussions the UK Chancellor, Rishi Sunak, has held with Treasury advisers to reduce taxes. We say ‘surprisingly’ because the discussions come just a few months after the Chancellor has committed to increase National Insurance and the tax on dividends. […]
Find out moreThe UK Government is sending out letters to ask about cryptocurrency gains Many people mistakenly believe that their cryptocurrency dealings can be hidden from the UK tax authorities. In fact, HMRC gets data on crypto investors through data requests to UK-based cryptocurrency exchanges. So, if you are a UK taxpayer with dealings in cryptocurrencies you […]
Find out moreDo you know the tax deadlines for self-employed people? Are you self-employed? Are you a Partner in a business? Then you need to be aware of the key tax deadlines. Missing them could result in penalties and prove to be expensive. In today’s article, we check out some of the deadlines and identify why they’re […]
Find out moreLetter from Agenzia delle Entrate saying you need to pay Italian tax? A number of our clients have received a letter similar to the one attached from the Agenzia delle Entrate saying that if they stayed in Italy because of COVID then they are Italian Tax Resident and need to pay tax in Italy. This […]
Find out moreBudget update From a tax perspective, not much new was announced. The main items that are likely to impact our clients are: confirmation of the increase in dividend taxes by 1.25% (See below and our note 8/9/21) confirmation of the 1.25% increase in National Insurance from April 2022 (See our note 8/9/21) extension of Capital […]
Find out morePensions provide a number of tax benefits that, when combined, can give a considerable boost to your final retirement fund. In this article, we explore these benefits and look at how you can make the most of your pension pot. Pension tax relief – what is it? One of the best reasons to save for […]
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