The value of tax planning for high net worth individuals
For high net worth individuals (HNWIs), tax planning is not simply a compliance activity, it is a strategic…
News
- Budget Summary
- Business
- Business Support
- Capital allowances
- Capital Gains Tax
- Construction Industry Scheme
- Corporate Governance & Regulation
- Corporation Tax
- Duties
- Employee Benefits
- Employment & Payroll
- Employment Law
- Excise duties
- General
- HMRC notices
- Income Tax
- Inheritance Tax
- National Insurance
- Overseas Corporate tax issues
- Overseas personal tax issues
- Payroll
- Pension
- Personal
- Stamp Duty Land Tax
- Tax Diary
- Value Added Tax
Tax Diary July/August 2025
1 July 2025 - Due date for corporation tax due for the year ended 30 September 2024. 6…
IHT exemption – normal expenditure out of income
Make regular gifts from your income and avoid inheritance tax. If structured properly, surplus income gifts can support…
VAT – advantages of the VAT Flat Rate Scheme
Small business? The VAT Flat Rate Scheme could cut paperwork and improve cash flow. Pay VAT as a…
Can you reduce your 31 July tax payment on account
Expecting lower profits 2024-25 compared to 2023-24? You can ask HMRC to reduce your 31 July 25 tax…
Claiming tax relief on pension contributions
Private pension contributions can attract up to 45% tax relief, if you know how to claim it. Use…
VAT exempt supplies
Not all VAT-free sales are the same. Understanding the key difference between zero-rated and VAT-exempt supplies could save…
Tax write-offs for an electric car with zero emissions
Buying a zero-emission electric car through your limited company could mean 100% tax relief in year one. Understand…
How working capital is funded
Working capital refers to the day-to-day funds a business uses to manage its operations. It is the difference…
Government sells last Nat West shares
The UK government has officially concluded its involvement with NatWest Group, formerly known as the Royal Bank of…
Employing your family
Employing family members can work well, but it does not mean you can skip the rules. HMRC expects…
What is a FIG?
From 6 April 2025, non-doms face a major shift as the remittance basis is replaced by the Foreign…
