Latest News

One of our main points of focus at this time of year is the preparation of self assessment tax returns and we are seeing an increasing number of cases which involve the marriage allowance. This is not to be confused with the married couples allowance. This latter allowance is only available to taxpa... Continue reading

With many car manufacturers moving towards Electric only production (currently Jaguar Land Rover & Volvo making recent announcements), the electric car is becoming more prominent in the UK marketplace. Added to the increasingly popular modern designs, the tax reliefs available are also proving t... Continue reading

We would like to take this opportunity, as we delve further into 2017, to recap on some important tax changes for rental property upcoming this year in respect of residential properties. Summary of some of the main changes being introduced by HMRC: Restrictions on mortgage interest relief for re... Continue reading

It has been previously announced that Class 2 National Insurance is to be abolished. This charge, which applies to self employed individuals, is currently paid at the rate of £2.80 per week and is the only qualifying contribution made by self employed people which will provide entitlement to state b... Continue reading

There have been a number of changes recently to the rates of capital gains tax such that matters can become a little confused as the rate that can be used for any particular transaction. Therefore we believe it would be appropriate to summarise the rates of tax applicable and to indicate the various... Continue reading