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Category: Blog

Blog | 5 Mins Read

Maximising Business Asset Disposal Relief – but bew...

Since the reduction of the lifetime limit to £1 million, for capital gains attracting Business Asset Disposal Relief (BADR), business own...

Blog | 3 Mins Read

Alan Sugar’s Tax Advisers: You’re Fired!

The drawbacks of being a Lord Many of you may have seen the news about Lord Alan Sugar’s tax bill which followed

Blog | 3 Mins Read

WSM Weekly Tax Bite – Use preference shares to R...

The Issue Before changes in the 2015 Finance Act, it was fairly common for sole traders and partnerships to sell their trade

Blog | 4 Mins Read

WSM Weekly Tax Bite -Don’t forget about the fiddly ...

The issue Apart from assets which are transferred between spouses and civil partners, the default position for capital gains tax purposes is

Blog | 4 Mins Read

WSM Weekly Tax Bite – Should I gift my property to ...

We were having a debate in the office this week about what is the costliest mistake that anyone had come across someone

Blog | 6 Mins Read

Good news for some: 13 points from the Chancellors spring...

Energy bills support The Government’s Energy Price Guarantee, which subsidies household energy costs above a certain threshold, was ...

Blog | 3 Mins Read

Plastic Packaging Tax

HMRC announced a new tax which came into effect on the 01 April 2022 called ‘Plastic Packaging Tax’ If you have manufactured

Blog | 4 Mins Read

Check Your National Insurance Contributions History

For clients planning to claim the UK state pension at retirement should check their national insurance (NI) record before 5 April 2023.

Blog | 2 Mins Read

VAT Return Penalty

HMRC have announced that from 1 January 2023, any taxpayer that submits a VAT return late (including nil payment returns) will receive

Blog | 3 Mins Read

Ouch-New tax rate of 1,207%

John is 58 and was born in the USA. He came to the UK around 30 years ago and has been resident here every year since arriving. He is the...

Blog | 8 Mins Read

Construction industry tax changes – VAT and Reverse Charging

The Construction industry scheme (CIS) VAT reverse charge comes into effect from the 01 March 2021 having been deferred twice from Octobe...

Blog | 1 Min Read

WSM webinar – SEISS

The second in our series of webinars on government schemes - SEISS, presented by Peter Vassallo.