Latest Tax & Accounting

At B Legal we like to take a practical approach to the law and to consider a client’s goals and objectives rather than just providing legal advice. There are many occasions when we suggest to ...

If your estate is worth over £325,000 when you die Inheritance Tax may be due. From 6 April 2012, if you leave 10% of your estate to charity the tax due may be paid at a reduce rate of 36% instead ...

HMRC is trying to improve processes for taxpayers following a bereavement by creating dedicated teams who will be responsible for dealing with PAYE and Self Assessment for bereaved taxpayers. The ...

Todays exciting blog is about Stamp Duty Land Tax (SDLT). Try and stay awake until the end as we all know tax is really interesting (well if you are an accountant). SDLT works as follows: up to 125K ...

HMRC now offers a Tax Dashboard – an online service for small businesses to see how much they have paid and how much they still owe. The online service is aimed at smaller businesses that have ...

The EC has asked the UK to amend the law that levies an ‘exit tax’ on companies. The current law results in immediate taxation of unrealised capital gains in respect of certain assets when the ...

HMRC acknowledges that tax can be complicated when people first become self-employed. In an effort to help people calculate and budget for future tax bills it has launched a ready reckoner tool. The ...

The Finance Act 2010 is to extend the definition of a charity to include all UK charity tax reliefs and exemptions administered by HMRC, where previously only those claiming gift aid had been included ...

In a recent speech, John Cridland, introduced a report entitled ‘Tax and British Business: Making the Case’. This was a clear response to the current levels of press and other comment, largely ill ...

The annual allowance for tax relief on pension contributions now stands at £50,000 pa, but with scope to carry forward unused relief. HMRC has launched a new tool to help people keep track of what ...