Could you claim an Inheritance Tax refund?
If you inherited a property that you then sold for less than the property was valued upon death, you could get a refund for the difference of the Inheritance Tax.
End of year tax planning: Use your allowances before 5 April 2020
The UK tax year ends on 5 April and so February and March can provide a last-minute chance to save some tax with a bit of careful planning.
Tax relief on professional fees and subscriptions
Did you know that you are allowed to claim tax relief on your annual professional fees or subscriptions to some HMRC approved professional organisations? The costs are tax-deductible generally where you must have a membership to do your job or it is helpful for your...Tax returns: 5% penalty for being 30 days late
Did you know that you will be liable to a 5% penalty in addition to interest charges if your tax is paid more than 30 days late?
Budget 2020: predictions on Rishi Sunak’s tax announcements
What will the Chancellor announce in the Budget 2020? We have put together some key tax areas Rishi Sunak may focus on.
Tax relief when you donate to a charity using Gift Aid
If you are a higher rate tax payer you should Gift Aid any donations you make to charity. You will be providing an additional benefit to the charity and you will also be able to claim tax relief on the payment