Opportunity to recover retrospective VAT

HMRC have recently issued a brief outlining an area where taxpayers might have grounds for obtaining retrospective VAT recoveries.

Read more ...

Personal Savings Allowance

Those preparing to complete their tax return for 2016/17 should take note of the Personal Savings Allowance (PSA) which may mean that completion of a tax return is no longer necessary.

Read more ...

U-turn on probate fees

The Government has reversed a decision to introduce a new fee structure linking probate fees to the value of the estate as there is not enough time to implement the changes ahead of the election The new charges, which were due to be introduced in May, were heavily criticised. 

IHT planning - don’t forget MRNRB

The Main Residence Nil Rate Band (MRNRB) for Inheritance Tax (IHT) came into effect this month. The relief has the potential to generate significant IHT savings as long as qualifying criteria are met. Here is a reminder of how estates can benefit.

Read more ...