If you’re unsure of the best place to start, here’s a handy guide on how to plan for your year-end taxes.
PEARSON MAY
Tax
What Are the Rules for MTD in 2023?
HMRC has changed the schedule for MTD. Here’s everything you need to know about the current rules for 2023.
CORPORATION TAX – PLANNING TIPS
Last year alone, Corporation Tax netted the Treasury £55.1 billion. While the 2018/19 figure represented a 2% rise on...
TAX BENEFITS OF MAKING PENSION CONTRIBUTIONS
Personal Pension Contributions As a reminder, Personal Pension Contributions made by individuals are paid ‘net’ of...
TIPS FOR MINIMISING INHERITANCE TAX – LIFETIME GIFTS
It is important to remember that the current Nil Rate Band is £325,000. This is the amount up to which an Estate has...
MAKING TAX DIGITAL FOR VAT – ACT NOW!
What does ‘MTD for VAT’ mean for my business? Many businesses will already be used to filing their VAT returns online...
MAKING A GIFT? DON’T FORGET TO TELL THE TAXMAN!
How can Capital Gains Tax be payable when I haven’t actually made a gain? Any transfer of an asset by an individual to...
REPORTING BENEFITS AND EXPENSES PROVIDED
Do all businesses need to complete the forms and which benefits/expenses are reportable? Not every business will need...
THE NEW TAX YEAR
Income Tax and Capital Gains Tax The personal allowance is increasing by just over 5% to £12,500 across the UK,...
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