Basis period reform for Income Tax

Basis period reform for Income Tax

As Making Tax Digital for Income Tax (MTD ITSA) draws closer, Tax Tuesday this week looks at the current government consultation (ending on 31 August 2021) to alter the way an unincorporated business is taxed from the profits arising in the basis period to the profits...
Inheritance Tax – 10 Top Tips

Inheritance Tax – 10 Top Tips

This week Tax Tuesday highlights the increasing UK inheritance tax take and the value of planning to reduce the IHT burden on your family and beneficiaries. The UK government collected £5.32 billion in Inheritance Tax in 2020/21. The inheritance tax take is only going...