We are heading towards another Autumn Statement 0n 22 November 2023, but what about tax changes which have already been announced? Capital Gains Tax Allowances When you sell an asset and make a profit, if capital gains tax is due, allowances of £12,300 used to be...
From 15 March 2023, income tax relief is being withdrawn on donations made to EU or EEA charities and Community Amateur Sports Clubs (CASCs). This will mean that income tax relief will no longer be available to claim against taxable income on tax returns from this...
As part of their diversification plans, farms might consider providing camping or glamping facilities and the provision of holiday accommodation in existing buildings and cottages, but have you also considered the taxation of holiday accommodation? Unless a...
HMRC are sending nudge letters to Business Asset Disposal Relief (BADR) claimants, who have made a claim within their 2021-22 Tax Returns. HMRC believe these claimants may have exceeded their lifetime allowance. Previously known as Entrepreneur’s Relief, BADR is an...
We all like to help local charities and as we near the World famous Maldon Mud Race on 14 May 2023, which has raised over £30,000 and broken countless washing machines over the years, now is a good time to look at the tax opportunities that come from Gift Aid…...
The pandemic saw millions of people forced to work from home and as a result, found themselves eligible to claim temporary tax relief on expenses they incurred for that period. Figures from HMRC suggest that more than 3 million claims were submitted for the 2020/21...
