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- Tax Saving Accountants
- 14 Sep 15
Do Changes To The Inheritance Tax Limit Mean Changes To Your Will?
Thousands of families in the UK will need to make significant changes to their will or risk missing out on the new allowance for inheritance tax. Many of these people originally set up discretionary trusts in order to have a tax-efficient way to leave property to their children. Accountants have warned that changes to the […]
- Tax Saving Accountants
- 24 Aug 15
Tory Leader Ruth Davidson asks for Low Taxes for Scotland
Tory Leader asks for Low Taxes for Scotland, Leader of the Scottish Tories, Rush Davidson has recently said that she believes the Scottish government needs to pledge to never raise taxes higher than everywhere else in the UK in order to prevent the top-rate taxpayers leaving Scotland in order to work in England. Ms Davidson […]
- Tax Saving Accountants
- 17 Aug 15
HMRC May be Facing Huge Tax Refund Bill
Accountants have revealed that HMRC may be facing a huge tax refund bill, worth “tens of billions” over the next few years. Businesses claim they have overpaid their tax by millions of pounds, dating back decades in some cases. These include challenges by insurance giant Prudential tobacco group BAT and retailer Littlewoods which is owned by the Barclay brothers. […]
- Tax Saving Accountants
- 3 Aug 15
HSBC has Great First Half of Year as Pre-tax Profit Climbs to 10%
HSBC is the largest bank in Europe, and pre-tax profit at the bank was up a healthy 10% during the first half of this year when compared with this time last year. The pre-tax profit climbed to £8.7bn ($13.6bn) in the first half of the year, compared with $12.3bn this tie last year, higher than […]
- Tax Saving Accountants
- 27 Jul 15
New Social Care Tax Suggested by Andy Burnham
Andy Burnham has recently said that Labour should be ignoring “difficult headlines” while considering extra taxes which would be able to cover the rising cost when it comes to social care and has suggested a new social care tax.. Mr Burnham has said that his goal of having a National Health and Care service would […]
- Tax Saving Accountants
- 20 Jul 15
Scottish Families will see £700 Million of Cuts
Between 200,000 and 250,000 families in Scotland will be facing almost £700 million of cuts to their tax credits under the new budget plans for the UK Government. Families who have more than two children will no longer receive tax credits for any subsequent children under these fundamental welfare changes. The income level which people […]
- Tax Saving Accountants
- 13 Jul 15
Planned Welfare Cuts Divide Labour Party
The Labour Party is currently disagreeing over whether they should support some of George Osborne’s planned welfare cuts. The cuts were recently unveiled in Mr Osborne’s Budge speech, and acting labour leader Harriet Harman was subject to a backlash on Monday at a meeting of Labour MP’s as she urged the party to avoid the […]
- Tax Saving Accountants
- 8 Jun 15
HMRC Will Waive £100 Fine for Late Tax Returns
The HM Revenue and Customs confirmed. Those who are filing late tax returns have now been let off the £100 fine. The Daily Telegraph received news of the development from a leaked memo. It may affect almost 900,000 people. Despite applause from taxpayers, the effectiveness and legality of the fine waiver is currently being queried. How […]
- Tax Saving Accountants
- 11 May 15
No Need for High-End Buyers to Worry About Mansion Tax
Buyers who were worried by a potential mansion tax set to go ahead under the Labour party are expected to return to the higher-end property market after the recent election results. The so-called “mansion tax” would’ve meant that those who owned properties worth more than £2 million or more would have been taxed 1%. Threatening […]
- Tax Saving Accountants
- 4 May 15
Miliband to Tax Foreigners, Help British First-time Buyers
Ed Miliband has recently promised to help British first-time buyers, while favouring local ownership and scrapping the levy on some purchases. He also plans to raise taxes for foreign property investors in the even that the UK labour Party gets elected in May. This will mean that first-time buyers can avoid stamp duty as long […]