Could you be missing out on tax savings?

Could you be missing out on tax savings?

With the soaring cost of living squeezing pockets, no one wants to be paying more tax than they should be. Despite this, over £20 billion of tax allowances and reliefs remain unclaimed in the UK. The key to taking advantage of this is to recognise where savings could...
Discovery assessments: Catch up with the latest changes

Discovery assessments: Catch up with the latest changes

Discovery assessments look set to be applied to the High-Income Benefit Charge under new legislation set out by the Government. A loophole regarding discovery assessments and the charge was brought to light following the case of HMRC V Mr Wilkes last year. The case...
Could you be missing out on tax savings?

Corporation Tax: could you be missing out on tax reliefs?

Knowing which taxes your business is liable for can feel a bit overwhelming, which can result in you not recognising opportunities to save on tax. If you have a limited company or a foreign company with a UK branch, you will be liable to pay Corporation Tax on any...
Spring Statement 2022

Spring Statement 2022

Exactly two years since the first lockdown was announced, the eyes of the public were firmly fixed on the Chancellor, Rishi Sunak, as he rose to the despatch box in the House of Commons to deliver his Spring Statement. Yet again, Mr Sunak found himself addressing MPs...