Overview of UK IHT Inheritance Tax is the tax that has to be paid by the estate of an individual who has died. Their ‘estate’ is defined as their tangible assets – essentially their money, possessions and property. The principle may seem straightforward, but there are lots of complicated rules that make the process complex. […]
Find out moreWriting down and Annual Allowance – The principles In this article, we look at the two ways of writing down your capital expenditure on assets, as part of your Corporation Tax return – either through Annual Investment Allowances or Capital Allowances. Expenses you incur in your business will be one of two types – Revenue […]
Find out moreUK Innovation Strategy – New Visas announced In the Government’s Innovation Strategy (Published July 2021) the government announced the introduction of three new visas. You can read about these here. The Visas are likely to become valid in Spring 2022. The precise rules for the visas have not yet been defined. However, the Government has […]
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 moreThe rules have changed – subsidiaries of ‘large’ European companies now need an audit Prior to the UK’s departure from the European Union, there was an exemption that allowed UK subsidiaries of EU companies not to perform an annual audit. However, post Brexit, with the UK now outside the EU, this exemption no longer exists. […]
Find out moreDo you work overseas? Are you in danger of paying social security contributions twice? If you’re an employee or if you’re self-employed, and you’re working overseas, there’s a danger that you’ll find yourself paying your social security contributions (Called National Insurance or ‘NI’ in the UK) twice, ie social security contributions in the overseas country […]
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