Tax Archives | Haggards Crowther

CGT Relief Restrictions for UK Residential Property Owners

Capital Gains Tax (CGT) is a tax levied when certain assets are sold or disposed of, encompassing various items such as land, property (including second homes and investment properties), art, antiques, or shares held outside of an ISA. The calculation of CGT hinges on the disparity between the acquisition value...

Electric vehicles for your business – a win win for employers and employees?

At the time of writing (September 2023), more battery electric vehicles have...

How can we reduce our corporation tax bill?

The question of reducing corporation tax bills through allowable expenses is a...

A Step-by-Step Guide on How to Pay Corporation Tax

If you're a business owner in the UK, you've likely heard the...

HMRC Increases Time-To-Pay Threshold

HMRC has announced that it has increased the Self-serve Time-to-Pay threshold from £10,000 to £30,000. The increase, which came into...

What Is a Personal Tax Code?

Personal tax can be difficult to understand. You may see your personal tax code and not understand what it means...

Should I be recruiting an FD?

Do I need a Finance Director? What other finance roles are there, and should I recruit or outsource? As your...

Unstable Basis and Unincorporated Businesses

During the 2021 Autumn budget, it was announced that the Tax basis period reform would be delayed by one year.

Capital Gains Tax Changes: AEA From April 2023

In the Chancellor’s Autumn Statement, he announced changes to Capital Gains Tax Allowances i.e the Annual Exempt Amount (AEA). These...

The impending Corporation Tax rise, and how it will affect your Small to Medium sized business

As a business owner, you may be aware, following the latest Budget announcements, that from April 2023 onwards, the main...

Are you getting full relief on your workplace pension contributions?

In order to encourage individuals to pay in to their pensions, the government provides tax relief on pension contributions. However,...

Income tax savings for high earners

Following up on our ‘What Happens when your salary goes over £100k’ blog, it is perhaps time to discuss a...