In the 2021 Autumn Budget, Chancellor Rishi Sunak announced that the deadline for people to report and pay the CGT owing from the sale of a property was being immediately increased to 60 days, up from 30 days. To do this, you must submit a residential property return...
New rules came into force in October 2020 that require all UK trusts, apart from a few exceptions and some non-UK trusts in existence on or after 6 October 2020, to register with The Trust Registration Service (TRS) by 1 September 2022, including trusts that have...
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...
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 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 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...
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