09/01/2020
Currently, when people take money from their pension 25 per cent is tax free while the remaining 75 per cent above the personal allowance is charged at the marginal rate of income tax.
08/28/2020
More generous opportunities on offer due to the pandemic
08/28/2020
For advisers this means they would need to act if they found a client had undeclared assets on their books.
08/26/2020
HMRC recently published a second consultation document with proposals for preventing abuse of the research and development (R&D) tax relief for SMEs
08/25/2020
Last year, HSBC's Swiss arm paid 300 million euros ($354 million) to settle a similar probe in Belgium.
08/25/2020
183 days remains the threshold even if people were unable to leave the country
08/25/2020
According to Spanish law, an individual will be considered tax resident in Spain if, amongst other criteria, they spend more than 183 days in Spain.
08/24/2020
Newly introduced tax expected to raise £500m, helping to reduce Britain’s huge Covid bill
08/24/2020
The object of the operation was to hide the money in the Credit Suisse accounts from the Belgian tax authorities – a practice that better international cooperation is making more and more difficult, though still not impossible.
08/21/2020
A gratuitous benefit is deemed to occur when a particular action is taken in relation to funds with the intention of reducing the IHT applied on those funds.
08/20/2020
As only 40% of HNWs have plans in place to minimise the tax paid by beneficiaries
08/19/2020
Law firm expects investigations to rise to pay for cost of coronavirus-related economic assistance
08/19/2020
“These scams are often cleverly designed with official branding are incredibly realistic, coaxing unsuspecting victims to hand over confidential information such as bank account details, usernames and passwords.”
08/19/2020
The Self Employed Income Support Scheme (SEISS) aims to help those who are adversely affected by the coronavirus crisis
08/19/2020
Stellar Asset Management has embarked on an expansion of its AIM service, launching a new office and hiring two fund managers from Liverpool stockbroker Blankstone Sington
08/19/2020
HMRC receives information automatically under the Common Reporting Standard about financial accounts held by UK residents in more than 100 jurisdictions.
08/14/2020
UK film and television is an international success story, employing over 125,000 full time earners.
08/13/2020
These types of incentives include tax relief on pension contributions, individual savings accounts and venture capital trusts.
08/12/2020
But wealth firm says government needs to ‘exercise caution’ if it wants to cut this ‘easy target’
08/11/2020
For foreign buyers making their move now, this means an additional £24,006 saved in Stamp Duty Land Tax in addition to the sum already wiped off by the stamp duty holiday.