Tax services news

HMRC Basis Period Reform

HMRC Basis Period Reform

You may have heard recently that HMRC have announced plans to reform Income Tax Basis Periods as part of the tax simplification process, alongside introducing Making Tax Digital for Income Tax Self-Assessment. The basis period reform is now in the process of being...

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Capital Gains Tax Planning

CAPITAL GAINS TAX PLANNING Tax changes to private residences for 2020/2021 From 6 April 2020, HMRC is proposing three significant changes which will potentially increase the capital gains tax paid on the disposal of any residential property by an individual. These...

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