Latest News

October 25, 2016

Government cancels plans to create a market for secondary annuities

The Government has announced the scrapping of the proposals to create a market for secondary annuities.
September 12, 2016

Autumn Statement 2016

It was announced that the Chancellor of the Exchequer will give his first Autumn Statement to Parliament on 23 November 2016.The Autumn Statement will outline the Government’s taxation and spending plans for next few years.Comprehensive coverage of all new announcements made by the Chancellor will be published on our website.
September 01, 2016

Advisory Fuel Rates from 1 September 2016

HM Revenue & Customs have published new advisory fuel rates that apply from 1 September 2016. These are the rates employers can use to reimburse employees who pay to put fuel in their company cars when using them for business.
September 01, 2016

The new Pension Advice Allowance

The Government has announced that it will introduce a new allowance called the ‘Pension Advice Allowance’ from April 2017. This new allowance will enable individuals nearing retirement to take out up to £500 tax free from their pension pot to help pay for the costs of obtaining financial advice.
August 25, 2016

Tax avoidance enablers to face tough new penalties

The focus on tax avoidance schemes and users of such schemes has steadily increased over the last few years. This is largely because of the UK economy producing lower than expected tax yields.  The economy is still recovering from the banking crisis and has suffered a further blow caused by the Brexit vote.
August 16, 2016

Making Tax Digital – The Consultations

The Government announced in 2015 the aim to transform the UK tax system to make HM Revenue & Customs (“HMRC”) the most digitally advanced tax authority in the world. One of the headline announcements last year was the abolition of the annual tax return.
August 08, 2016

The Bank of England cuts the Bank Rate to 0.25%

The Bank of England has cut the Bank Rate to 0.25% from 0.5%. The interest rate is at a record low and this is the first cut since 2009.
August 01, 2016

Advisory Fuel Rates from 1 September 2016

HM Revenue & Customs have published new advisory fuel rates that apply from 1 September 2016. These are the rates employers can use to reimburse employees who pay to put fuel in their company cars when using them for business.
July 05, 2016

Osborne considers cuts to corporation tax

Chancellor George Osborne is mulling plans to cut corporation tax to under 15% in a bid to encourage continued business investment in the UK following the decision to exit the EU Osborne said reducing corporation tax from its current level of 20% was part of five-point plan to create a ‘super competitive economy’ with low. . .
April 13, 2016

The fallout from the Panama Papers

The use of overseas companies and trusts to avoid and evade tax has been in stark focus in the media over the last week following the leaking of information from files belonging to the law firm Mossack Fonseca.
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