News & Press

Not everyone is required to submit a self assessment tax return to HMRC, but if your tax affairs are more complicated, you will need to register for self-assessment and submit a tax return. Who is likely to need to submit a return? Most...

If you are intending to sell or close part or all of your business, there are many different types of reliefs that you may be eligible to claim. These vary from Business Asset Roll-Over Relief, Incorporation Relief to Entrepreneurs' Relief....

If you are planning on disposing of your primary residence, you may be eligible to claim the Principal Private Residence Relief (PPR) against the disposal proceeds. This private residence relief means that you will not have to pay any...

Upon purchasing (or transferring) a property/plot of land within the UK, there is a tax that is payable by the purchaser. This is commonly known as Stamp Duty, but the full name is Stamp Duty Land Tax (SDLT). The Stamp Duty is only payable on...

Tax Credits are payments from the UK Government. In the UK, there may be certain circumstances which mean that you are entitled to tax credits. There are two fundamental tax credits in the UK with the basics about tax credits being outlined...

When it comes to employing individuals for your company, it is vital that you understand what each employee’s holiday entitlement is. This article will shed some light as to what each employee can expect, how holiday entitlement is calculated...

When you work in the UK, you may have various sources of income ranging from salary and dividends to bank interest. There may however be some situations where you end up paying too much tax. When this does happen, you will want to reclaim...

If you are in the unfortunate position to be dismissed from you job, there are certain rights that you may be entitled to having been made redundant by your previous employer. The basic rights that you could be eligible to claim upon being...

Generally, if you are a UK resident, you have two methods of assessment that can apply when it comes to your foreign income. The first would be to be assessed on the arising basis which means you are assessed in the UK on your worldwide...

The Bank of England is being pushed to restrict the growth of house prices in the UK. Recent news reports suggest that the Bank of England should be more vigilant and use its powers more in a bid to limit the growth rates in house prices with...

If you are considering gifting assets to relatives, it is important to understand the rules about inheritance tax (IHT) to ensure your position is optimised. Broadly speaking, IHT is charged on all assets that are given away if the person...

Under your employment contract, there may come a time where you as an employee may be entitled to certain benefits from your employer. This could take the form of a childcare voucher. In these circumstances, there are tax benefits for you as...