Client Newsletter

CGT for non UK residents

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From 6th April 2015, if you are not resident in the UK and dispose of UK residential property you must report the disposal to HMRC within 30 days of the conveyance of the property. This even applies to gifts (other than to a spouse or civil partner), in which case the disposal is deemed to […]

Client Newsletter

Summer Budget could affect tax relief on pensions

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Individuals who earn a high income are being warned about expected changes in next month’s Budget, which could restrict the tax relief they receive on their pensions. In their recent election manifesto the Conservative Government outlined moves to restrict pensions tax relief for those earning more than £150,000. Under the current rules, anyone can contribute […]

Client Newsletter

Summer Budget 8 July 2015 – CGT in the spotlight?

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There are concerns that given the promises made by the Conservative Party to not raise income tax, national insurance or VAT which taxes is the Chancellor going to focus on? If we look back to the Budget after the General Election in 2010, one significant announcement was the increase in Capital Gains Tax (CGT) rates, […]

Press Room

State pension crucial to one in seven retirees

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More than one in seven (15 per cent) of people planning to retire this year have no pension savings, and will either be totally or heavily dependent on the state pension as their only source of regular retirement income, according to research by Prudential. In its eighth annual study tracking the plans and aspirations of […]

Press Room

Investors urged to take a more realistic approach

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Investors are upbeat about growth over the next 12 months but have been warned that they need to take a more “realistic approach” to investing. The Schroders Global Investment Trends Survey 2015, published on 13 May, questioned 20,706 individual investors in 28 countries, including the UK, who intended to invest €10,000 or the equivalent over […]

Press Room

Young adults turn to parents for financial advice

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Younger adults have been told that while their mums and dads’ advice is a good starting point for making important financial decisions, they also need to tap into professional expertise. The warning came after new research from financial products provider MetLife and unbiased.co.uk, through which consumers can find independent professional advisors, revealed that nearly half […]

Business News

Advisory fuel rates for company cars

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New company car advisory fuel rates have been published which took effect from 1 June 2015. Please take care to update your expenses payments and note that only some rates have been amended. However, the guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The […]

Business News

Driving licence paper counterpart no longer valid

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The Driving and Vehicle Licensing Agency has announced that with effect from 8 June 2015 the paper counterpart to the photocard driving licence will not be valid and will no longer be issued. The paper counterpart was introduced to display driving licence details that could not be included on the photocard. These additional details include […]

Business News

HMRC payroll guidance – harvest casuals and casual beaters

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HMRC have issued useful guidance for those employers who pay casual employees working outdoors harvesting perishable crops, or as casual beaters for a shoot. The guidance outlines the specific circumstances which must apply in order for these employees to be paid without the deduction of tax. The guidance also stresses that their pay is still […]

Business News

HMRC issue guidance on VAT reclaims by qualifying charities

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HMRC have issued guidance on VAT reclaims by ‘qualifying charities’ under recent changes to the rules. ‘Qualifying charities’ for this purpose are those concerned with palliative care, air ambulance, search and rescue and medical courier charities. The guidance details which charities are eligible to use the refund scheme to claim a refund of VAT incurred […]