Author: AC Accounts

Year end capital tax planning Have you used your 2018/19 £11,700 annual capital gains exemption? Consider selling shares where the

Consider other tax efficient investments If you are looking for investment opportunities, have you considered the Enterprise Investment Scheme (EIS)?

Year end pension planning For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on

Don't lose your personal allowance For every £2 that your adjusted net income exceeds £100,000 the £11,850 personal allowance is

Don't be late in paying your personal tax bill Individual’s 2017/18 income tax, CGT, class 2 and 4 NIC liabilities

Passing on the family home New inheritance tax rules for passing on the family home started on 6 April 2017.

New Year resolutions to save tax At this time of year we think about New Year’s resolutions. It is also

Budget sting in the tail for research and development The issue Apparently HMRC identified £300m in frauds by ‘artificial corporate

Gifts to charity Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to

Gifts of up to £50 to employees From April 2016 new rules were introduced to allow employers to provide their

Certain gifts can have capital gains tax consequences Although there will be no CGT on gifts of cash there may

Christmas is a time for giving - the IHT annual exemption - use it or lose it! Those thinking about

The Annual Investment Allowance (AIA) which provides businesses with a 100% write off against profits when they acquire plant and

  The Chancellor has announced that the minimum qualifying period for CGT entrepreneurs’ relief will be increased from 12 months

What is missing trader fraud? Missing trader fraud involves a ‘missing’ or ‘defaulting’ trader who deliberately fails to pay its

Earlier this year the government announced that no new childcare voucher schemes could be set up after 5 October 2018.

The degree of control was also held to be a critical factor in determining that football referees in charge of

  The government have been consulting on extending the personal service company rules that currently apply to public sector workers

  In 2016 the government consulted on a proposed abolition of Class 2 National Insurance contributions (NICs) for the self-employed.

  Certain traders can be made liable for the unpaid VAT of another VAT-registered business when you buy or sell

HMRC have updated their guidance on the rules for carrying forward the unused pension savings annual allowance, together with a

HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30

  ASK ALEXA TO CONTACT HMRC FOR HELP HMRC has launched new and innovative technology to help more than 3

HMRC are consulting on ways to simplify the tax treatment of short-term business visitors from the foreign branch of a