Chancellor Rishi Sunak delivered the 2022 Spring statement on Wednesday (23/03/2022). Fuel duty has been cut by 5p per litre until March 2023. The reduction is said to take £3.30 off the cost of filling a typical 55-litre family car. The income threshold at which...
The Let Property Campaign gives individual landlords an opportunity to bring your tax affairs up to date and to get the best possible terms to pay the tax you owe. You will need to update HMRC by making a voluntary disclosure for any tax owed on letting income that...
If you transfer your business to a company in return for shares, You may be able to delay paying Capital Gains Tax. Incorporation Relief means you will not pay any tax until the shares a sold or disposed of. To qualify for Incorporation Relief, you must: be a sole...
The Low Incomes Tax Reform Group (LITRG) has warned self assessment tax payers to keep their Government Gateway login details safe from tax refund companies. The warning follows LITRG’s discovery of taxpayers who have seemingly issued ‘inappropriate’...
The payment period for capital gains tax (CGT) on residential property has been doubled from 30 days to 60 days. Despite the measure not being announced by Chancellor Rishi Sunak in the Autumn Budget, it was included in HM Treasury’s Budget publication. The...
