Corporation Tax Relief back for Acquired Goodwill

A further late change to the finance bill will reintroduce relief for acquired goodwill on the acquisition of businesses with eligible property from 1st April 2019. This relief was withdrawn back in July 2015 and the restoration of relief for goodwill is very welcome...

Buy new equipment before 6th April?

Your business year end, not 5th April, is relevant for capital allowances purposes. If however you are running a business and making up accounts to 31st March or 5th April, you should consider buying plant and machinery to take advantage of the Annual Investment...

Passing on the family home

New inheritance tax rules for passing on the family home started on 6th April 2017. This additional relief should be taken into consideration when drafting your Will and we can work with your solicitor to make sure your Will is tax efficient. From 6th April 2017 an...

Pension Planning

For most taxpayers the maximum contribution is £40,000 each tax year, although this depends on their earnings. This limit covers contributions by both the individual and their employer. Note that the unused allowance for a particular tax year may be carried forward...

VAT Registration limit continues to be frozen

The VAT registration limit normally increases in line with inflation each year. However, It was announced last year that the limit would be frozen at £85,000 until 1st April 2020. It has now been announced that the limit will now remain at the same level until 2022....