News & Press

Inheritance Tax is a one of the taxes which many of us would rather not have to think about or even consider as it is a tax payable on an individual’s estate upon their death. Given the sensitivity of the subject, many individuals tend to put...

In a bid to simplify the tax system a backbench bill proposing to change the name of National Insurance to ‘Earning Tax’ was recently discussed in Parliament.What does NI go towards?The National Insurance scheme has been in operation for 100...

With company pension schemes being in the news recently, we thought it could be useful to look at the types of schemes out there and the benefits of these schemes. There are two types of company schemes:Defined benefit schemes – also known as...

This private residence relief means that you will not have to pay any Capital Gains Tax on the disposal of your main home as long as you are able to satisfy the main two conditions. These two conditions are based on the assumption that you...

In April this year, the government introduced significant changes to income tax rates, allowing millions of UK taxpayers to keep more of their hard-earned cash. And, in 2018, the average taxpayer is shelling out approximately £1,000 less in...

During your employment, there may be a point in time when your employer wishes to reward you. This could come in the form of remuneration, benefits in kind, but could also be in the form of some shares or share option. The treatment of these...

Upon purchasing (or transferring) a property/plot of land within the UK, there is a tax that is payable by the purchaser. This is commonly known as Stamp Duty, but the full name is Stamp Duty Land Tax (SDLT). The Stamp Duty is only payable on...

With the government at loggerheads over Theresa May’s withdrawal agreement, and whispers in Whitehall growing ever louder over the possibility of a no-deal Brexit, the UK, at least in the short term, is facing an uncertain future. Whether...

Despite the UK entering its first recession in over a decade, the buy-to-let market has remained relatively stable. In fact, with house prices falling and tenant demand on the rise, it could be an opportune time to invest. However, for...

What are Enterprise Management Incentive schemes (EMIs)? An Enterprise Management Incentive scheme (EMI) is a government-approved, tax-advantaged employee share scheme, designed to help small to medium-sized businesses attract and retain...

In the autumn budget in October last year, the government announced fresh changes to the UK tax system, making good on their campaign promises to cut income tax rates and increase the personal allowance. The new legislation means millions of...

Under your employment contract, there may come a time where you as an employee may be entitled to certain benefits from your employer. This could take the form of a childcare voucher. In these circumstances, there are tax benefits for you as...