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Blog18th Jun 2024

Taxing times in the Election Campaign

Last week marked a key milestone in the race for Number 10, with many of the major political parties releasing their manifestos for the next term of government. Each of the parties’ fiscal projections include plans for various tax rises…

By Gunhild Dam

Blog7th Jun 2024

Keeping a Cool Head During Election Fever Will Pay Dividends

Politicians up and down the land are currently pounding the campaign trail, following the Prime Minister’s shock announcement of a General Election of 4th July. The sense of impending change is inevitably unsettling for many, particularly as the election of…

By Gunhild Dam and Tom Andrew

Blog18th Apr 2024

Are The Goalposts On Salaried Member Rules Moving?

What are salaried member rules? The salaried member rules for Limited Liability Partnerships (“LLPs”) were introduced in 2014 to ensure only those members who held a genuine ‘partner’ role were taxed as self-employed individuals, such that those with arrangements closer…

Blog4th Apr 2024

Navigate the End of the ‘Furnished Holiday Let’

The number of Furnished Holiday Lets (FHLs) in the UK has increased in recent years, driven by the ever-growing popularity of UK ‘staycations’.  However, Jeremy Hunt announced in the 2024 Spring Budget that the Furnished Holiday Letting regime will be…

By Tom Andrew

Blog13th Mar 2024

Lock In Tax Relief By Topping Up Your Pension Fund Before 5 April

Any financial advisor will tell you it’s never too early to start paying into your pension fund, but what many don’t necessarily appreciate is the significant tax savings that can be made whilst also building a secure plan for retirement.…

Blog11th Mar 2024

Non-Dom Tax Status Abolished But A New 4-Year Residence Scheme May Soften The Blow

For someone who has been working in tax for several years, non-domicile tax status and the UK tax breaks this provides has always been a controversial tax policy, no matter what government has been in power and no matter how…

Blog15th Dec 2023

Tax Domicile: why is it important & how can your family affect it?

It goes without saying that family is super important to everyone on so many levels. It usually drives decisions on where someone chooses to live, perhaps leading to an overseas relocation to keep their family close. Your family (usually your…

By Tom Andrew

Blog15th Dec 2023

Self-Assessment Tax Return Deadline is Coming – Tick Tock On The Compliance Clock

The festive season is on the horizon, and it might be fair to say completing your tax return may not be at top of the priority list, but it’s important to remember the online self-assessment filing deadline of 31 January…

Blog7th Dec 2023

Unravelling The Secrets of Tax Codes

At the beginning of a new financial year, we find ourselves trying to start off on the right foot and ensure our tax affairs are in order. We do this to avoid any nasty surprises at year end or, when…

By Alison Hirst

Blog21st Nov 2023

Autumn Statement – What Changes Can We Expect?

A lot can change in a year – and after the 2022 Autumn Statement promised wide ranging tax cuts, only for many of the key measures to be swiftly reversed, 2023 could well grab fewer headlines in comparison.  Having said…

By Tom Andrew

Blog17th Nov 2023

Furnished Holiday Lets – Qualifying Conditions & Elections

To gain the tax advantages of a Furnished Holiday Let (FHL), the property must qualify, and HMRC have a series of qualifying conditions which must be met. If the criteria is still not met, the property will be treated as…

By Bev Holroyd

Blog28th Oct 2023

Would you be ready if HMRC lodged a formal enquiry into your Income Tax Return?

A tax enquiry is the process by which HMRC check in detail that the information on a tax return is correct and complete. HMRC have the right to make a formal enquiry into every tax return submitted to them. This…

By Gunhild Dam