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Duty free limits if you are travelling abroad
If you are travelling from outside the UK and arriving home in Great Britain (England, Wales and Scotland), you are ...
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Marriage Allowance how it works
The marriage allowance is available to married couples and those in a civil partnership where a spouse or civil partner ...
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Selling overseas property
As a general rule, if you are resident in the UK, you are liable to pay Capital Gains Tax (CGT) ...
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Transfer of unused IHT nil rate band
The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples and civil partners (per person) ...
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National Insurance credits
National Insurance credits can help qualifying applicants fill gaps in their National Insurance record. This can assist taxpayers to build ...
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HMRC increases interest rates
The Bank of England’s Monetary Policy Committee (MPC) met on 21 June 2023 and voted 7-2 in favour of raising ...
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Protecting intellectual property
Having the right type of intellectual property protection helps you stop people stealing or copying: the names of your products ...
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VAT Exempt services
A business that incurs expenditure on taxable and exempt business activities is partially exempt for VAT purposes. This means that ...
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Capital Gains Tax Gift Hold-Over Relief
Gift Hold-Over Relief is a tax relief that results in a deferral of Capital Gains Tax (CGT). The relief can ...
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Regulated businesses hit with Anti-Money Laundering fines
The Money Laundering Regulations (MLR) are designed to protect the UK financial system and put in place certain controls to ...
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HMRC’s Self-Assessment line summer closure
HMRC’s Self-Assessment helpline closed on 12 June 2023 and will re-open on 4 September 2023. This closure is part of ...
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Deadline to top-up NIC contributions extended
In certain circumstances it can be beneficial to make voluntary National Insurance Contributions (NICs) to increase your entitlement to benefits, ...
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Offshore taxpayers offered chance to come clean
HMRC is currently writing to UK residents who were named in the leaked Pandora Papers and offering them the chance ...
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New powers for charities
From 14 June 2023, the latest set of changes mandated by the Charities Acts 2022 came into force. Changes now ...
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Effects of settlement legislation
The settlement legislation is intended to prevent an individual from gaining a tax advantage by diverting his or her income ...
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Tax exempt private medical costs
There is no requirement for employers to pay tax and National Insurance on certain health benefits covered by tax concessions ...
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New life sciences growth package announced
The Chancellor, Jeremy Hunt, has announced a new £650 million package of measures to help boost UK life sciences. The ...
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Passport delays and applications
A recent investigation by the House of Commons Committee of Public Accounts, in connection with the UK passport office, has ...
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Check when to expect reply from HMRC
HMRC has a useful online tool to help agents and taxpayers know when they can expect to receive a reply ...
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Gift Aid small donations scheme
The Gift Aid Small Donations Scheme (GASDS) allows qualifying charities and Community Amateur Sports Clubs (CASCs) to claim a top-up ...
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What you can and cannot patent
The GOV.UK website offers the following guidance if you are considering a patent application. A UK patent may help if ...
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Complexity may be double-edged sword
There does seem to be a trend to replace human interactions with automated AI systems. This is especially evident in ...
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Tax Diary July/August 2023
1 July 2023 - Due date for corporation tax due for the year ended 30 September 2022. 6 July 2023 ...
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What you must tell HMRC
If your personal details change you may be required to notify HMRC as this can affect your entitlement to certain ...
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