Tax Archives - Page 6 of 7 - George Hay Blog

2020 Budget: Key announcements from Rishi Sunak’s first Budget

Barry Jefferd Academies, Accounting, Barry Jefferd, Business, Business Support, Business Taxation, Charities, Economic / Business News, Employees, Employers, HMRC, Industry Sectors, Inheritance Tax, Legal, Legislation, Payroll, Personal Taxation, Property, Property Taxation, Self-employed, Small businesses, Tax, Team Member March 11, 2020November 21, 2023budget 2020, business, Chancellor, coronavirus, entrepreneurs relief, NIC, SME, Tax 0 Comment

Rishi Sunak delivered his first 2020 Budget on Wednesday 11th March. This came only weeks after he took over the role of Chancellor from Sajid Javid. Raring and ready to ‘get things done’, Mr. Sunak promised a speech that would

Read more...

Capital Gains Tax payment terms change in April 2020

Barry Jefferd Accounting, Barry Jefferd, HMRC, Industry Sectors, Personal Taxation, Property, Property Taxation, Tax, Team Member March 9, 2020November 16, 2023capital gains, CGT, HMRC, landlords, payment on account, property tax, residential property 0 Comment

On 6 April 2020, Capital Gains Tax (CGT) payment terms will change. If you are selling a residential property, you will be required to settle any charges within a new 30-day period. Taxpayers will not settle charges via the annual

Read more...

Probate sub-registries closing doors throughout the UK

Barry Jefferd Accounting, Barry Jefferd, Inheritance Tax, Probate, Tax, Team Member February 24, 2020November 16, 2023bereavement, estate, Government, HM Courts & Tribunals service, probate, probate application 0 Comment

In a push to modernise the legal system, the Government are closing the doors of probate sub-registries throughout the UK. Probate sub-registries closing down On 31 January alone, a total of 18 probate sub-registries closed down including Peterborough, Norwich and

Read more...

Civil partnerships and tax

Barry Jefferd Accounting, Barry Jefferd, Inheritance Tax, Personal Taxation, Tax, Team Member January 6, 2020November 16, 2023Capital Gains Tax, CGT, estate, IHT, inheritance tax planning, ISA, marriage tax allowance, national insurance, NIC, nil-rate band, pension, tax planning, taxpayer 0 Comment

Mixed-sex couples in England and Wales have been able to register their intent to enter civil partnerships since 2 December 2019. This follows former Prime Minister, Theresa May’s announcement in October 2018, that the law would change. At time of

Read more...

P11D’s; Have you told us about your health insurance policy?

Samantha Green Academies, Accounting, Business, Business Support, Charities, Construction, Deadlines, Employers, HMRC, Industry Sectors, Legal, Legislation, Payroll, Property, Samantha Green, Small businesses, Tax, Team Member October 24, 2019November 16, 2023employers, expenses, health insurance, HMRC, national insurance, P11D, PAYE, Tax, taxable benefits 0 Comment

A health insurance policy that is paid for by you as an employer, on behalf of an employee, is considered to be a taxable benefit in kind by HM Revenue & Customs (HMRC). Subsequently, this benefit should be reported to

Read more...

Probate fee increases abandoned; How did we get here?

Barry Jefferd Barry Jefferd, HMRC, Inheritance Tax, Legislation, Personal Taxation, Probate, Tax, Team Member October 21, 2019November 16, 2023assets, bereaved, Brexit, estate administration, Government, HM Courts & Tribunals, IHT, probate, probate fees, Tax 0 Comment

The Government has announced, after much to-ing and fro-ing, indefinite delays and a lot of harsh criticism from industry professionals and concerned families, that the previously planned probate fee increases will be abandoned. Probate fee increases; The proposals Earlier

Read more...

Will I pay Capital Gains Tax on a classic car?

Barry Jefferd Barry Jefferd, HMRC, Personal Taxation, Tax, Team Member September 20, 2019November 16, 2023business, Capital Gains Tax, capital losses, cars, CGT, investment, profit, tax allowances 0 Comment

By definition, Capital Gains Tax (CGT) is a tax on the profit that you make when you sell, or dispose of, an asset that has increased in value. Having invested in a classic or vintage car, you may find that

Read more...

Categories

Archives