Category Archives: Taxation – Personal

Taxation – Personal

Who do you choose to trust: the man in the pub, or your properly qualified accountant?

Accountancy Services, General, Taxation - Personal

No-one likes paying tax, but it is an inevitable overhead of making a profit, and keeping it to pay normal living expenses. Anyone who says otherwise is manipulating the truth, either when dealing with you or with the tax office. Yes, it is true that income tax is a voluntary tax. Although government anti-avoidance legislation … Continue reading Who do you choose to trust: the man in the pub, or your properly qualified accountant? →

Conservative ‘promises’ regarding taxation after the election result

General, Taxation - Personal

So the polling booths have closed, the votes have been counted, the swing-o-meter has been put away for another five years, and we now have a new government. All of the parties made many promises made before the election, including the Conservatives, so now let us all hope that those promises are kept. Let us … Continue reading Conservative ‘promises’ regarding taxation after the election result →

The Autumn Statement & What it means for you

News, Taxation - Personal

The Chancellor held his 2014 Autumn Statement on Wednesday 3rd December. There were a number of measures announced, many of which may affect you. The most headline-catching announcement was the change made from 4th December to Stamp Duty on residential property sales. Previously, the rate at which stamp duty was levied on a sale depended … Continue reading The Autumn Statement & What it means for you →

The Public Accounts Committee Report on Tax Reliefs Issued

Taxation - Personal

The Public Accounts Committee (“PAC”) is a cross-party body of MPs who review various aspects of policy and its implementation. It has recently published a report on “Tax Reliefs” which highlighted a number of factors: A total of 1,128 different tax reliefs leads to a very complex tax system Despite a pledge to simplify the … Continue reading The Public Accounts Committee Report on Tax Reliefs Issued →