Capital Gain Tax (CGT) in brief

Capital Gain Tax (CGT) in brief

Who is liable to CGT? CGT is payable by UK resident individuals and trustees (incl. personal representatives).  It is also payable by non-residents on disposal of UK residential property. Partnership gains are apportioned to the partners.  Limited companies pay...
Making Tax Digital – in preparation of

Making Tax Digital – in preparation of

Making Tax Digital (MTD) is proposed to help bring the tax system into the 21st century by providing businesses with a modern, streamlined system to keep their tax records and provide information to HMRC. The roll out for MTD has been amended to ensure businesses have...
Capital Gain Tax (CGT) in brief

Snippets from our Tax Seminar

Last month, July 17, our Technical Director, Alan Sowden delivered a Tax Seminar, that covered many areas in relation to planning to pay less tax. If you were unable to join us or would like a refresh of the content, then please see three video snippets below.  ...
Making Tax Digital – in preparation of

Making Tax Digital delayed until 2020

The launch of HMRC’s Making Tax Digital for Business programme has been pushed back for many businesses until 2020, although VAT registered businesses have responsibilities from April 2019. HMRC had planned to mandate the use of digital tax records for businesses by...
Capital Gain Tax (CGT) in brief

Changes to the taxation of employment termination payments

Are you considering the termination of any employment contracts? If so, please note the potential changes from April 2018. Draft legislation that is expected to come into effect from April 2018, means that Employer NI (currently 13.8%) must be paid on all sums over...
Capital Gain Tax (CGT) in brief

Research and Development tax credits – an outline

Research and Development (R&D) tax credits is an area where we are experiencing an increase in enquiries from our clients. This article provides an overview of the schemes and what is included within a claim. R&D tax credits are only available to Companies and...

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