Tax

On Monday, we saw George Osborne announce that he would be looking to reduce Corporation tax rates, possibly to 15% (we don’t know when) to encourage businesses to stay in or move to the UK. This is clearly an effort to stabilise the economy from what I suspect he thinks will be turbulent times. He […]

Have you ever tried calling through to HM Revenue & Customs? If yes, then you would be forgiven for thinking HMRC are too large an organisation to do anything quickly. While HMRC may not be winning any awards for its speedy answering of calls anytime soon, it is most certainly proficient at investigating those they […]

Today, the Chancellor of the Exchequer, George Osborne delivered his eighth budget. In this article, we’ll highlight the key points that were announced. Initially, the budget started rather pessimistically, with warnings of ‘storm clouds forming over the global economy’. One of the first things to be mentioned was that growth forecasts for the UK economy […]

We can expect to see a great many changes to taxation management by 2020. There are two key changes HMRC wishes to drive into the current tax system; making tax digital and simple. This blog focuses on how HMRC plans to make tax simple by 2020, to see how tax will be made digital by […]

We can expect to see a great many changes to taxation management by 2020. There are two key changes HMRC wishes to drive into the current tax system; making tax digital and simple. This blog focuses on how HMRC plans to make tax digital by 2020, to see how tax will be made simple by […]

*Featured In The EDP Norfolk Magazine* April 5th signals the tax year end, so here a few tips to put into practice before then to help keep the tax man at bay. Income Tax Review income levels of you and your family to see if there is any margin for ‘switching’ income from you to […]

The government has made proposals for a new system of tax payments by businesses. Read on to find out how this might affect you. During the 2015 Autumn Statement, Chancellor George Osborne made it clear that we can expect major reforms to the way tax is managed. The main change was the move away from […]

*Featured In The EDP Norfolk Magazine* Buying To Let: Since the Conservative budget in July, an increasing number of clients have been asking me what the reduction in interest relief will mean for them. The reduction in mortgage interest relief is to be phased in over a four year years, so that from April 2017 […]

Recent news has come to light regarding the level of taxation applied to company owners who decide to sell or wind up their company. The new government rulings will come into effect on the 6th April 2016. What do these new rules mean? Chancellor George Osborne recently announced that the government will remove tax breaks […]

So we’re now in 2016, Christmas is over and the New Year has just begun… Unfortunately that means the clock really is ticking for you to get your tax return submitted. Nearly four million of the 10.2 million people in Britain required to fill in tax returns have not yet sent them in. Failure to […]