By Tom Maxwell In Advice, Blog, NewsPosted 22/08/2024 Charity Banking The UK Finance trade association for the UK banking and financial services sector recently launched a Voluntary Organisation Banking Guide to help charities and other voluntary groups with [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 19/08/2024 Residential Properties – Company or personal ownership? We are often asked, is it better to own properties personally or via a company and often individuals have a preconceived idea that, nowadays, companies are always the most tax efficient [...] 0 Read More
By Tom Maxwell In Advice, Blog, Crypto, NewsPosted 08/08/2024 HMRC’s Latest Crypto Nudge Letters are not to be ignored: What You Need to Know HMRC is sending out a new round of “nudge” letters about cryptoasset transactions. If you get one, don’t panic, but definitely don’t ignore it either! It’s crucial [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 30/07/2024 Capital Gains Tax Changes on residential properties: What You Need to Know Capital Gains Tax (CGT) rules are undergoing significant changes in 2024, affecting a broader range of taxpayers. The CGT annual exempt amount has been drastically reduced to £3,000 for 2024/25, [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 25/07/2024 HMRC Updates PAYE Repayment Process: What Taxpayers Need to Know In a significant change to the Pay As You Earn (PAYE) system, HMRC has revised its approach to tax repayments. This update affects employees who may have overpaid taxes during the 2023/24 tax [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 03/05/2024 Beware of VAT Bank Details Fraud: Protect Your Business In recent months, HMRC has issued warnings about fraudulent attempts related to VAT (Value Added Tax) bank details. Scammers are exploiting a specific form—Form VAT 484—to gain unauthorised [...] 0 Read More
By Tom Maxwell In Advice, Blog, Crypto, NewsPosted 19/04/2024 Be aware of tax obligations when investing in cryptoassets The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have issued a press release today warning Cryptoasset investors to keep up-to-date records to ensure they [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 11/04/2024 Re-registration Required for High-Income Earners Receiving Child Benefit Taxpayers with eligible children need to opt back into child benefit within three months if they were affected by the old £50,000 high income child benefit charge. The cap was increased from [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, Treasury UpdatesPosted 07/03/2024 Spring Budget 2024 The Chancellor of the Exchequer Jeremy Hunt delivered his Spring Budget yesterday, 7 March. Our team have put together a useful summary outlining everything you need to know and, more [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, Treasury UpdatesPosted 06/03/2024 March 2024 Budget – Initial reaction As ever pre-budget speculation has been rife. With an election looming, the government want to be seen as lowering taxes and making life easier for working people. However, the announcement that [...] 0 Read More