Budget 2012 – What can we expect?
The Budget takes place on Wednesday 21 March and the draft Finance Bill will be published a week later on Thursday 29 March. 50% income tax rate The government has commissioned HMRC to produce a report on the amount of … Continue reading
How to avoid Inheritance Tax
Hundreds of thousands of households are at risk of paying inheritance tax (IHT). The much-hated tax is charged at 40 per cent on the value of your estate over the nil-rate band threshold – £325,000 for an individual and £650,000 … Continue reading
Top 10 tips on Estate Planning – to minimise your Inheritance Tax
Make a will. This is the only way to ensure that your assets go to who you want them to and it can facilitate Inheritance Tax planning. If you and your partner are unmarried/not in a civil partnership there is … Continue reading
Any tax or accountancy questions you would like answering?
Debbie Story writes an editorial for a magazine each month. She gives clear and simple explanations to tax and accountancy questions, tips and advice. Click here to see the June issue. Do you have any tax or accountancy questions that you … Continue reading
Tax Planning Advice if Selling a Business
Even if you’re not planning on selling your business for some time, it’s wise to have your exit strategy planned well in advance. As with many other aspects of running a business, the tax implications resulting from the sale are … Continue reading
Complaints against HMRC to feature on Watchdog on BBC1 on Thursday 19 May 8pm
Watchdog are to investigate complaints against HMRC on BBC1 at 8pm on Thursday 19 May. If you have any complaints you wish to be investigated please click on the link.
Key tax changes from today (2011/12 verses 2010/11)
The new tax year starts today, bringing with it some changes to the system – including a rise in National Insurance contributions. Detailed below are the key changes. Income tax More tax payers will be included in a higher tax … Continue reading
Budget 2011: George Osborne’s key points
The key points of Chancellor George Osborne’s Budget on 23 March 2011. INCOME TAX No personal tax increases Personal tax allowance to rise a further £630 to £8,015 in April 2012 Consultation on long-term plan to merge income tax and … Continue reading
Tax planning before 5 April – Inheritance Tax
For Inheritance Tax purposes each person can give £250 a year to any number of recipients, as well as £3,000 annually over and above that. They can also make regular gifts out of their income (not capital) that should fall … Continue reading
