Insights

Personal Tax

60 percent income tax reappears
August 17, 2022

60 percent income tax reappears


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The high marginal tax rates created by phasing out the personal allowance are back in the news. 60 percent income tax reappears

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August 5, 2022

Missed online CGT Property returns must be filed


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HMRC has clarified that, with one exception, a CGT property return must be filed even if the disposal has already been reported on a self assessment return. The government introduced

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Tax implications of no fault divorce
July 27, 2022

Tax implications of no fault divorce


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No fault divorce became a reality in April. Although it brought no associated changes to the tax rules, divorcing couples should now be in a better position to focus on financial issues.

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latest developments in Making Tax Digital
July 20, 2022

Are you on top of the latest developments in Making Tax Digital?


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Staying on top of the latest developments in Making Tax Digital is important for all businesses.

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charitable giving pitfalls
July 13, 2022

Charitable giving pitfalls


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Many individuals donate to charity simply for altruistic reasons, but this doesn’t mean the tax benefit should be ignored. Donors need to watch out for any charitable giving pitfalls

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disposal of a private residence
July 12, 2022

Defining ‘period of ownership’ on disposal of a private residence


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The disposal of a private residence is exempt from capital gains tax (CGT) if used as a main residence throughout the period of ownership.

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May 25, 2022

Higher rate taxpayers: no longer a select club


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Higher rate taxpayer numbers are rising sharply, and if that’s you, then advice is now more important than ever. Source: ONS data, OBR projections. There was once a time when

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May 18, 2022

Can the child benefit charge be fixed?


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Can the child benefit charge be fixed? A critical review of how the government taxes child benefits has raised a major question mark over HMRC’s approach to collecting payments. Child

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May 3, 2022

NICs boost for the self-employed


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Prior to the March Spring Statement, most self-employed individuals were facing increased national insurance contribution (NIC) bills this year. However, those with profits up to and just over £28,000 will

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April 14, 2022

Whatever happened to the wealth tax?


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A new wealth tax to counter the cost of the Covid-19 pandemic was the talk of the financial pages not so long ago. Now it has disappeared… or has it?

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March 31, 2022

Protecting the normal minimum pension age


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The normal minimum pension age (NMPA) will increase from 55 to 57 on 6 April 2028, although a protected pension age regime will be introduced. This will allow those who

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March 10, 2022

What is a ‘reasonable excuse’ for tax penalties?


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Having a reasonable excuse can be a get-out-of-jail-free card if you are charged a tax penalty. However, there is no statutory definition of the term, and what might constitute a

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