Inheritance tax – making tax-free gifts
January 15, 2019
There are various exemptions, and potential exemptions, which make it possible to make gifts free of inheritance tax. Making tax-free gifts is a useful way to reduce the value of your estate – and ultimately the inheritance tax that may be payable on gifts....
Budget 2018 in 24 Bullet Points
October 30, 2018
...as presented by The Chancellor.
1. Public Finances - Turning Point
Since 2009-2010 the deficit has fallen by four-fifths, from 9.9% to 1.9%. Public debt peaked in 2016-17 and is now falling. On average, spending on public services will grow 1.2% above inflation a year from next year until 2023-24.
2. Emplo...
CHARITIES AND FRAUD
August 1, 2017
Are you bereaved?
July 23, 2017
Important financial steps
There are important financial actions that you need take in the event of a bereavement. This blog talks you through some of the support that’s available.
'Tell Us Once' is a service that lets you report a death to most government organisations in one go. Th...
The Pensions Regulator (TPR)
July 18, 2017
Automatic enrolment updates
Workplace pension contributions are increasing.
The minimum amount that employers and their staff need to pay into their pension scheme is going up. On 6 April 2018, the minimum amount employers will have to pay in will be 2% of their staff’s pay, and the amount their staf...
Current list of deliberate tax defaulters updateded
July 14, 2017
The HMRC list of current (name and shame) deliberate tax defaulters had been updated. The list provides the name of the defaulter, the industry, amount of tax avoided, and penalties charged.
As with previous lists, it includes a number of restaurants, take-aways, cafes, hote...
Tax credits
July 10, 2017
Don't miss 31 July deadline
If you’re claiming tax credits, We are reminding everyone to renew by the 31 July deadline. If you miss the cut-off date, your tax credit payments will stop and you may have to pay back the tax credits you’ve been given since 6 April 2017....
Tax-Free Childcare
July 3, 2017
Did you know, on 21 April the government launched two new childcare schemes for working parents?
Tax-Free Childcare is for eligible UK working families, including the self-employed, with children under twelve or under seventeen, if disabled. For every £8 they pay in, the go...
Charity governance, finance and resilience:
June 30, 2017
15 questions trustees should ask
In 'The essential trustee: what you need to know, what you need to do (CC3)' the Charity Commission sets out the 6 key duties for charity trustees and what these cover - the top three being:
act in the interests of their charity and its beneficiaries
protect and safeguard...
Fit and Proper Persons - Charity trustees
June 28, 2017
HMRC has updated its 'fit and proper persons' declaration for charities. Charities must satisfy the 'management condition', so its managers must be 'fit and proper persons'. The guidance explains how HMRC applies the test to people who have the general control and management...
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