16 Feb 2020 | Personal Tax, Tax, Tax Planning
The UK tax year ends on 5 April 2020 and so February and March can provide a last-minute chance to save some tax with a bit of careful end of year tax planning. We’ve put together ways to minimise your tax bill below. Additional rate taxpayers If you earn...14 Feb 2020 | Gifts, HMRC, Personal finances, Tax Planning
New rules are coming into effect in 2020 meaning that all express trusts will need to be registered, whether or not they are liable to UK tax. Currently, you only have to register a trust if they have a relevant tax liability including, Income Tax, Capital Gains Tax,...31 Jan 2020 | ISAs/ Savings, Tax, Tax Planning, Wealth Planning
If you are a higher rate taxpayer and have not carefully developed a tax planning strategy, then you run the risk of missing out on key tax allowances and paying more in taxes than you need. To start with, it’s important to look at how you might be able to minimise...10 Jan 2020 | Featured, Tax, Tax Planning
The 31 January Self Assessment tax return deadline is fast approaching. What are the financial implications if you miss the deadline? Firstly, there are penalties for submitting your Self Assessment tax return late. Secondly, there are further penalties for late...17 Oct 2019 | Payroll, Tax, Tax Planning
The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% national tax credit and the introduction of new rates of tax on dividends. For many taxpayers that means more tax to pay on dividends on 31 January each year. If you are a...20 Aug 2019 | Tax, Tax Planning
Changes to the UK’s company car tax system will mean drivers choosing a pure electric car pay no benefit-in-kind charges from next year, but will this be enough to see more electric cars on the roads? From April 2020, there will be no tax on a company car, if it is...