UHY Ross Brooke Chartered Accountants
It may surprise some readers to learn that independent taxation was not introduced until 1990. Up until that point, a married woman’s income was considered part of her husband’s for tax purposes. Thankfully, progress has been made since then and husbands and wives are now taxed separately. By Tom Annat
Automatic Enrolment has helped millions put more into their pension pots than ever before, according to new figures released to mark 10 years since the policy was introduced. In 2021, employees across the UK saved £114.6 billion in their pensions. This is a real terms increase of £32.9 billion compared
In response to a recommendation by the Office of Tax Simplification the Government have introduced draft legislation for inclusion in Finance Bill 2023 that extends the no gain/no loss rule when a couple separate. Under the current rules the no gain/no loss rule that means that there is no CGT
By Rebecca Horne-Smith Legislation day was 20th July and this saw new draft legislation issued for rules surrounding disposals in connection with divorce etc. These new rules will come into effect for disposals made on or after 6th April 2023, although are subject to change before the publication of the
On your special day this is one father’s day present you will not want. Child benefit claimed, repaid, income tax rate and risk of a fine from HMRC. Way back in 2013 we published a blog about the unfairness of the Child Benefit entitlement and the marginal rate of tax
Whether employed, self-employed or trading through a limited company, pension contributions can be a very efficient way of lowering your tax liabilities. Pension contributions and income tax examined Depending on your status as a basic, higher or additional rate taxpayer, the Government will automatically uplift your pension contributions by 25%
By Tom Annat It may surprise some readers to learn that independent taxation was not introduced until 1990. Up until that point, a married woman’s income was considered part of her husband’s for tax purposes. Thankfully, progress has been made since then and husbands and wives are now taxed separately.
By Phil Kinzett-Evans The UK’s Capital Gains Tax bills jumped 20% from £10.8bn to a record high of £12.9bn in the past year*. The increase is due to a rise in tax on entrepreneurs selling businesses. HMRC increases tax take from entrepreneurs selling businesses Buy-to-let landlords take profits amid hot