5% penalty for late payment of tax waived until April 2021
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?
End of year tax planning: Use your allowances before 5 April 2021
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.
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.
Smooth out your tax payments
With a dreary 2020 harvest behind us, it is time to look forward to a more hopeful 2021. Although the 2020 harvest was generally a disappointment, some growers find themselves with a larger than expected tax bill in January, linked to a more fruitful 2019 harvest....Do you have development land? Things to consider before selling
If you are one of the lucky landowners, with either residential or commercial development possibilities, then you may be looking to sell. Although this can be a good idea, it’s important to be cautious. The number of farmers and landowners being approached by...Everything you need to know about paying tax on dividends
What are dividends? How much tax do you pay on them? Dividends are a tax-efficient way of extracting profit from a family business.
