Latest News Round Up

Budget The Budget came through on 3 March 2021. None of the speculated tax changes, e.g. raising CGT came to pass, although the corporation tax’s primary rate will increase in 2023. Several allowances, such as the personal allowance and CGT annual exempt amount,...

Red Alert – Tax Year End Approaching

The current tax year ends on 5th April, what should you be thinking about? Capital Expenditure Many self-employed businesses have a year-end that is the same as the tax year and so any capital expenditure that you are considering in the next couple of months could be...

Lasting Power of Attorney

We’re always banging on about making sure you have a regularly updated will, if you haven’t done that then you should get it sorted now. If you have got the will done then the next job is a lasting power of attorney (LPA). The LPA allows your chosen representatives to...

Leaving The UK: A Look At Split-year Treatment

According to reports, the number of people leaving the UK during 2020 was “unprecedented”. The Economic Statistics Centre of Excellence reported that as many as 700,000 left London alone in the 15 months to September 2020. This brings the question of tax...