Time to renew your Tax Credits

Time to renew your Tax Credits

HMRC is currently issuing tax credit renewal packs. There are two versions of the form which require different responses. What action is required to renew your claim? Renewal process. If you received tax credit payments in 2021/22 you should receive a renewal pack...
2022/2023 Tax Rates

2022/2023 Tax Rates

We are pleased to present a copy of our tax card, please click HERE, which summarises many of the rates and allowances fundamental to our business and personal lives. We are sure that you will find it a useful point of reference throughout the coming tax year. Our tax...
Tax Planning 2021

Tax Planning 2021

Tax Planning 2021 As the end of yet another tax year approaches we are taking this opportunity to make you aware of the usual tax planning opportunities and other issues which we believe may be of interest to you. Our Fact Sheets HERE detail general planning points...
Capital Gains Update

Capital Gains Update

Capital Gains Update New legislation has been introduced regarding the reporting requirements of UK residents disposing of UK properties. From 6 April 2020 a disposal of a residential property must now be reported and tax paid to HMRC within 30 days of the completion...
Who needs to complete a Tax Return?

Who needs to complete a Tax Return?

Who needs to complete a Tax Return? You may be starting to think about whether you need to complete a Tax Return this year? To help with this we have summarised the main points below. Generally those individuals who receive a source of income, that is not taxed at...
Making Tax Digital for Business: VAT

Making Tax Digital for Business: VAT

Making Tax Digital for Business: VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Regulations have now been issued which set out the requirements for MTD for VAT. Under...