It can be easy to overlook tax opportunities that can save you money, but here are four little-known tax rules/reliefs that you may be able to take advantage of.
Income Tax on student earnings, funding your children through university or purchasing a student house are three tax planning points of which you should be aware if your children are heading off to university or already undertaking their studies.
Holiday let owners braced for increased tax bills now face a period of uncertainty about when - and if – the favourable Furnished Holiday Letting regime will be axed.
HMRC has made changes to the provisions that determine the tax status of partners of Limited Liability Partnerships (LLP). While it has caused some concern, the update to the Salaried Member Rules is not a change in legislation – it simply gives insight into HMRC’s interpretation of current legislation and serves as a reminder to LLPs about the guidance they must follow for salaried members.
Armstrong Watson's latest survey found more than a third of businesses find it ‘very difficult to recruit’. Offering salary sacrifice opportunities is one of several ways many businesses can incentivise their current and prospective workforce.
Capital Gains Tax (CGT) has been in the spotlight recently due to changes in the tax-free allowances as well as updates to the rates of taxation of certain assets. Over the last couple of tax years, these changes have been drip-fed to individuals however, looking at where these allowances were two years ago, the changes are quite dramatic.
This was one of the key findings from Armstrong Watson's latest survey, which also asked the agricultural sector about challenges impacting growth, how they are adapting to the evolving digital world, and about their plans for succession.