Following our previous article (Update to the trust Register – July 2021) and Katy Stables’ recent update regarding the registration of non-taxable Trusts (Deadline for registering with the Trust Registration Service – Aug 2022), the deadline of 1...
We are seeing a high number of HMRC ‘nudge’ letters being issued, suggesting that rental income from property has not been correctly reported. HMRC are obviously getting this information from somewhere as many of the approaches made to us have been from landlords...
Following changes made to the UK’s anti money laundering laws and implementation of the Fifth Money Laundering Directive, all express trusts must now register with HMRC’s Trust Registration Service (TRS). An express trust is a trust that has been deliberately created....
July 2022 marks the start of a new financial year which means that as 2021/22 comes to a close, regretfully, so does our charity partnership with the Motor Neurone Disease Association. There were some very personal reasons why this charity was nominated for selection...
Draft legislation for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been issued by HMRC. From April 2024, individuals with a turnover of £10,000 or more from self-employment or property income will be required to make quarterly submissions with a...
The Conservative Leadership Race is hotting up as the eight MPs who have made it through to the next stage of the race to replace Boris Johnson have been revealed. With our accountant hats on, we’re most interested in what the candidates are saying about...
