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THP Blog

Company Capital Gains Tax indexation relief is frozen. Ouch.
Posted by Jon Pryse-Jones on December 1, 2017

Before the Autumn Budget, the Capital Gains Tax (CGT) calculations for companies included a relief called the indexation allowance. Basically, this allowed a company to increase the deemed acquisition cost of an asset by the annual rate of inflation. If the deemed purchase cost of an asset being sold is increased, the taxable gain when

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No more queuing at that post office or sticking your tax bill on that personal credit card!
Posted by Jon Pryse-Jones on October 30, 2017

If you are one of those with plenty of time on your hands and who like to join that eternal queue in the good old (or should that be bad old?) post office to settle your tax bills then you’d best take a seat.

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Children aged under 18 and tax – a few key considerations
Posted by Jon Pryse-Jones on October 6, 2017

Income tax and National Insurance As with adults, children aged under 18 can earn up to the tax free allowance in each tax year (£11,500 in 2017/18) and pay no income tax.

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Being investigated by HMRC: What you need to know
Posted by THP on October 4, 2017

What to expect from a HMRC tax investigation As kids we’re afraid of things that go bump in the night and the monster that may or may not be lurking under our bed. It’s a basic fear of the unknown. As adults, this fear doesn’t go away but it does take on a slightly different form.

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Common questions about Inheritance Tax
Posted by THP on September 29, 2017

Dealing with a death of a parent is not only emotional, it can also be exhausting. When a friend’s mum passed away a few months back, she described how the process of probate, getting the estate valued and ensuring the correct tax was paid, meant she had little time to actually mourn.

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Made a trading loss? Here’s how you can use it to cut your tax bill….
Posted by Jon Pryse-Jones on September 25, 2017

A trading loss can sometimes relate to a tax refund. Learn more about how to reduce your tax bill with THP

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The benefits of having tax investigation protection
Posted by THP on September 13, 2017

In recent years, HMRC enquiries have been on the rise, with firms and individuals being investigated at random for compliance and accuracy of their returns.

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Dying without a Will, very bad idea!
Posted by Jon Pryse-Jones on August 30, 2017

It’s distressing, but many people still die without making a Will. In legal terms, this means they die “intestate” and when this happens, their assets (or “estate” as it is known) must be shared out according to certain set rules.

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Making Tax Digital and Landlords – the latest
Posted by Jon Pryse-Jones on August 28, 2017

Up until a few weeks ago, if you are a landlord you were going to be drawn into the requirement to upload quarterly details about your property businesses to HMRC under the Making Tax Digital proposals.

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Is your small business missing out on Research & Development tax credits?
Posted by Jon Pryse-Jones on August 4, 2017

Just over a week ago, an article about R&D tax credits on The Times’ website caught my eye. The piece opened with the example of organic farming business owner Richard Holingbery, who hadn’t heard of R&D tax credits until an acquaintance mentioned them to him last year.

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