It’s fast becoming the impossible dream for some. Getting your foot on the property ladder or perhaps helping your children to do so is becoming a real financial stretch, particularly with all the other demands on your budget. Just saving fo the deposit is bad enough, let alone securing a mortgage

Who doesn’t want something tax free? Individual Saving Accounts (ISAs) offer you exactly that: a chance to earn interest on your savings free of tax, even if you’re a higher rate taxpayer. But few people take full advantage of what ISAs can really offer.

ISA limits

Each year, you get an ISA

So you’re the subject of a tax inquiry. Suddenly those folks at HMRC who hitherto have been almost impossible to get hold of, are breathing down your neck and showing a vigour and enthusiasm about your affairs that’s making you very uncomfortable. But a ‘tax inquiry’ can’t be too bad, you think to

What do you do next?

The brown envelope is sitting on your desk and the letter inside has just informed you that you’re the subject of an HMRC tax inquiry. The chances are the bottom may have just fallen out of your stomach and you may be tempted by all sorts of reactions which may or may not

With ever-increasing car road tax rates and the squeeze on diesel, you could be forgiven for thinking the government hates cars. And with what feels like an increasingly complex company car tax regime, it’s not always easy to weigh up your best company motoring options.

How the regime works

The

Entrepreneurs’ relief is available to sole traders or partners selling or giving away all or part of their business. It is a capital gains relief and is also available to company directors and employees having 5% or more shareholding. If you are eligible for ER, you’ll pay tax at 10% on all gains

Inheritance Tax planning is often something which people put off. However, it’s important to understand the tax allowances and reliefs for Inheritance Tax purposes in order to take advantage of:

• the short term opportunity of using your annual allowances (available on a “use it or lose it” basis)

In our last post, we looked at the essentials of the new MTD for VAT regime, so in this post, we’re going to take a closer look at the provisions for keeping digital records.

All VAT registered businesses must keep and preserve certain records and accounts.  Under MTD some of these records must be

Making Tax Digital (MTD) is a government initiative to modernise HMRC’s tax system, with the aim of making the whole process of administrating tax simpler and more efficient.

All of an individual’s or entity’s tax information will be in one place (the digital account) and tax will be paid based on