Dec 23, 20221 minFiscal dragYou may have encountered this phrase, fiscal drag, in recent weeks, particularly if following the Autumn Statement announcements last...
Dec 23, 20222 minWhat your tax code means The letters in your tax code signify your entitlement (or not) to the annual tax-free personal allowance. The tax codes are updated...
Dec 23, 20221 minCheck a UK VAT number The ability to check a UK VAT number is available at: www.gov.uk/check-uk-vat-number. This service allows users to check: if a UK VAT...
Dec 23, 20221 minIHT claiming business reliefThere are a number of reliefs available that can reduce liability to Inheritance Tax (IHT) if you inherit the estate of someone who had...
Dec 23, 20221 minCGT tax-free allowance reducing In the Autumn Statement, the Chancellor announced that the annual exempt amount applicable to Capital Gains Tax (CGT) is to be more than...
Dec 23, 20221 minGifts to spouse or charity In most cases, there is no capital gains tax (CGT) to be paid on the transfer of assets to a spouse or civil partner. There is, however,...
Dec 23, 20222 minPersonal allowances frozen to April 28Chancellor Jeremy Hunt announced as part of the Autumn Statement measures that the Income Tax thresholds will be maintained at their...