Tax Guide’s Personal Tax section offers news and features to inform and guide you through all your personal and family tax needs. The Business Tax section offers insight and guidance for all the self-employed or small business owner needs to organise all their tax requirements.
Business Tax
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Business Tax
Latest
Key business tax reliefs remain
Business owners had some relatively good news from the Chancellor Phillip Hammond MP, in the Autumn Budget statement as Entrepreneur’s Relief and the Annual Investment Allowance remained intact and for the self employed and small business owners themselves will benefit from income tax threshold rises.
Reduce your tax bill before tax year end with ten actions
There are myriad ways, often overlooked, to reduce your tax bill, from using allowances, claiming reliefs and by just doing it by the book. Jonathan Amponsah (pictured) of The Tax Guys lists ten tax saving actions
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EORI numbers and how to apply for one
Businesses trading outside the EU need an EORI number. So may businesses trading within the EU if the UK leaves without a deal. HMRC explains EORI numbers and how to apply for one
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Personal Tax
Latest
Maximising tax free allowances before 5 April
There are ways of maximising tax free allowances before the end of the tax year on 5 April. Just a little careful planning and consideration is needed.
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Top nine VCTs to invest in before the tax year end
As the end of the tax year approaches now is a good time to review and refresh your venture capital trust (VCT) investments. Jason Hollands (pictured) outlines the benefits and VCTs to look out for.
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Personal Tax
Latest
Income Tax threshold levels fail lower paid
In the Autumn Budget Statement there was good news for income tax it appeared. It had been widely speculated on that promised rises in allowances would not go ahead. Yet on the day it has been announced that the personal allowance threshold for income tax and the higher rate threshold are both to be raised from April 2019 to £12,500 and £50,000 respectively (from £11,850 and £46,350).
IR 35 – so much legislation, so little time
Following the release of the long-awaited consultation on new IR35 rules for the private sector, Nigel Morris at MHA MacIntyre Hudson, explains why IR35 will be more difficult to apply to the private than the public sector
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Five steps for small businesses Making Tax Digital
Despite some positive feedback there’s a concern that not enough businesses owners are signed up or prepared to sign up for doing all their VAT data collection and filing digitally. Some steps to ensure they are compliant may help
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The contractor umbrella scheme and how to choose one
Contractors need to know how best to navigate IR35 legislation and what to look out for. Julia Kermode (pictured), chief executive of The Freelancer & Contractor Services Association (FCSA) offers some advice on how to choose a contractor umbrella scheme
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Personal Tax
Latest
Five AIM stocks to invest in before and after tax year end
Investing in AIM stocks can be beneficial from an inheritance tax point of view and could be something to consider for utilising any left over ISA allowance or for new investments post April. Stephen Drabwell (pictured) of Fundamental Asset Management highlights five AIM stocks
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HMRC warns householders against scammers using landlines
Fraudsters thwarted by HMRC crack downs on email and other phishing scams are reverting to using landline numbers
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Some top tips for taxpayers to consider before 5 April
As the end of another tax year fast approaches, it is important for taxpayers to review their overall tax position to ensure that they are making the most of various allowances and reliefs. Alex Foster explains
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