In this second of our reports in respect of the Government’s response to Covid 19, we look at the automatic deferral of tax payments to HMRC which will be of interest to all taxpayers.

Automatic Deferral of Tax Payments

The Government will support businesses by deferring certain tax payments

The Government has set out a package of measures to support individuals and businesses through the period of disruption caused by COVID-19.  During the course of this week, we will be posting a series of Insights in which we examine those measures and, in order to help you decipher them, add our

Expected changes to have a significant impact for UK resident taxpayers!

Significant changes to capital gains tax for UK resident tax payers on the disposal of UK residential property have been announced.  They take effect from 6 April 2020 and will have a substantial impact for:

• The payment

With the UK Government and HMRC continuing to take a robust approach to tax investigation, with a view to collecting significant additional tax revenue, HMRC’s powers to inspect and request information and documents about your personal financial affairs and business interests have never been

As the UK tax year draws to a close, as a resident foreigner, it’s a good time to review your tax residence status to ensure you’ve met and will continue to meet the requirements of the Statutory Residence Test (SRT) as part of your tax planning.  In this post, we consider the main provisions of

As part of your tax planning, your business may be able to take advantage of a number of tax reliefs and allowances. In this latest post in our series on end of year tax planning, we look at some of the main schemes that you may wish to consider. 

Capital expenditure

Annual Investment Allowance

As the end of the tax year creeps ever nearer, it’s a good time for entrepreneurs and businesses to review your approach to profit extraction. As the next blog in our end of year tax planning series, we review some of the main points for your consideration. 

Dividend taxation

In almost all cases

The UK tax system is designed to promote savings and investment and so at this time of year, and as part of our ongoing series of posts about end of year tax planning, it is worth remembering the various and most tax efficient savings vehicles available to you.

Pensions

Pensions remain an

Inheritance tax planning is normally considered on a long term basis – both in the context of lifetime giving and the arrangements to be made in your Will, but as we approach the end of the tax year, now is an ideal time to review your plans and financial arrangements.

The key to successful estate