Blog13th Jun 2025Making Tax Digital (MTD): 4 steps to help you prepareFrom 6 April 2026 , Making Tax Digital (MTD) for Income Tax Self-Assessment will become mandatory for individuals with annual gross income of over £50,000 from self-employment and/or property income. This will be lowered to £30,000 from 6 April 2027 and £20,000…By Kirsty RinglandView more
Blog30th May 2025Foreign Income and Gains Regime: Everything you need to knowThe somewhat controversial concept of ‘domicile’ to establish UK tax liability has now been abolished. Instead, the Labour government has introduced an alternative tax break, aimed at those who, are perhaps long-term British expats, interested in returning to the UK,…By Carol EdwardsView more
Blog20th Aug 2024Indian and Pakistani Domiciled Individuals – Are IHT Changes Coming?Is it time for Indian and Pakistani domiciled individuals to breathe a sigh of relief? The taxation of non-domiciled individuals has been a hot topic over the last few years, and has been at the forefront of many people’s minds…By Tom Andrew and Gunhild DamView more
Blog31st Jul 2024Everything We Know From Labour About The 2025/26 Non-Dom ChangesThis week we have received the first significant update from the new government on how the regime for non-UK domiciled and internationally mobile individuals may look under their stewardship. It’s helpful then, to revisit the initial proposed non-dom changes from…By Lynn GracieView more
Blog29th Jul 2024Inheritance Tax- (IHT) Will Labour Make Changes?Following Labour’s win at the 2024 General Election, there has been speculation that changes may be made to the current Inheritance Tax (IHT) regime in order to generate more tax revenue. Labour’s plans for Inheritance Tax have not been confirmed,…By Kirsty RinglandView more
Blog23rd Jul 2024HMRC Disclosures- Prompted vs Unprompted And Why Does It MatterWhen it comes to completing Tax Returns, mistakes can and do happen. According to HMRC, this is especially the case with certain types of income, for example overseas or self-employed sources. Not just mistakes either, but a simple lack of…By Seamus McElvannaView more
Blog22nd Jul 20245 Benefits of Family Investment CompaniesIn recent years, “Family Investment Companies” (FICs) have become more widely used in family tax planning exercises. However, they are not a new structure by any means – in fact our oldest FIC client is over 100 years old! FICs…By Tom AndrewView more
Blog16th Jul 2024Will a 4 year tax residence amnesty attract Overseas Investors to help Labour’s plans for Economic Growth?Labour may look to introduce a 4 year tax residence amnesty to attract overseas investors to help them with their plans for economic growth. So, what does that mean? Foreign Investors – Who, what and where One of the recognised…By Lynn Gracie and Carol EdwardsView more
Blog8th Jul 2024What is a Payment on Account?Unlike the PAYE system, when you start working as a sole trader or have a new untaxed source of income (e.g. rental income, dividend income) you won’t pay tax as money comes in. Instead, your first tax bill is likely to fall…By What is a Payment on Account?View more
Blog8th Jul 2024What is a Payment on Account?Unlike the PAYE system, when you start working as a sole trader or have a new untaxed source of income (e.g. rental income, dividend income) you won’t pay tax as money comes in. Instead, your first tax bill is likely to fall…By Bev HolroydView more
Blog5th Jul 2024What does this historic election result mean for UK taxpayers?The result of the 2024 General Election will come as no surprise to pollsters, with Labour securing 412 seats – a landslide majority ending 14 years of Conservative rule. Inevitably taxpayers will be considering how this sweeping change in the…By Paula FraserView more
Blog26th Jun 2024Income Tax Returns: 5 Key Reasons You Should Submit EarlyIt is rare to find someone who looks forward to completing and filing their Income Tax Returns. For many, and for various reasons, it is usually something they put off for as long as possible. The final submission deadline…By Carol EdwardsView more