On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages. Below we set out some of the main points. COST OF LIVING SUPPORT Energy Costs The Energy […]
A tax investigation is an enquiry permitted by HMRC. They look into your financial affairs due to reasonable doubt in your tax payments. The duration of this process can usually take place between 6 months to 12 months. As a result, the time constraint depends mainly on the type of examination that is being carried […]
When it comes to accountancy, it’s very important to have all of your affairs in proper order to avoid numerous common tax problems that could arise. Sometimes, people might be aware of certain tax services, but could be unaware that they require it. This is especially true of tax planning services – those who need […]
Capital gains tax (CGT) is payable when you sell an asset that has increased in value since you bought it. The rate varies based on several factors, such as your income and size of gain. For residential property, it maybe 18% or 28% of the gain (not the total sale price).