General Tax

  • news-scotland

    Scottish Rate of Income Tax

      From April 2016, the Scottish Parliament has devolved powers to set the Scottish Rate of Income Tax (SRIT). Within the last few weeks it has been widely publicised that this may mean a higher rate of Income Tax in Scotland as compared to the Income Tax rates in other parts of the UK.   […]

    in General Tax, Personal Tax on July 6, 2015 Comments 0
  • news-gavel

    Attempts to defraud a liquidator punished by courts

      A court order appointing a Provisional Liquidator was made by the High Court in March 2014 against Parkwell Investments Ltd, based in Wilmslow, Cheshire. The order removed the company’s officers and appointed a Provisional Liquidator in their place to protect the company’s remaining assets.   The company’s officers then deliberately and knowingly acted in […]

    in General Tax on June 29, 2015 Comments 0
  • news-gavel

    HMRC scores hat-trick

      HM Revenue and Customs has secured three tribunal wins against tax avoidance schemes, protecting over £260 million in tax.   All three rulings uphold earlier judgments in HMRC’s favour at the First-tier Tribunal.   The Upper Tribunal dismissed an appeal brought by users of a scheme that sought to create artificial losses by using […]

    in Business Tax, General Tax on June 1, 2015 Comments 0
  • news-inheritence

    When was the last time you reviewed your Will?

      Do you have any idea if your estate will have an inheritance bill when you die? How much will it be? Who will have to pay it?   Planning opportunities arise if:   If you have assets that you would like to give away. If you have any interests in a business or company, […]

    in General Tax, Personal Tax on March 23, 2015 Comments 0
  • news-pension-advice

    Topping up your State Pension

      The Government has indicated that it wants to offer more to existing pensioners and people who reach State Pension age before 6 April 2016 when the single-tier pension is introduced.   To achieve this a new Class 3A voluntary contribution will be available from October 2015 to April 2017.   The Class 3A contribution […]

    in Employment Tax, General Tax, News on January 26, 2015 Comments 0
  • news-pension

    Workplace pensions overhaul

      The Government has announced changes that should standardise, and in most cases reduce, the charges made to administer funds on behalf of contributors.   Draft regulations published in October confirm that charges to invest and manage the default funds of all qualifying schemes will be capped at 0.75% annually.   Small differences in charges […]

    in General Tax on December 1, 2014 Comments 0
  • news-general-tax

    Autumn statement 2014

      HM Treasury has announced that this year’s Autumn Statement will be made on 3 December 2014. Historically, this has been used to showcase the Government’s expected tax changes in the following year’s finance act.   If you have any suggestions the Government is seeking your views on what you would like to see in […]

    in General Tax on October 27, 2014 Comments 0