Individuals earning between £100,000 and £125,140 could be paying tax at an effective rate of 60%. In this blog we look at why and how this could be avoided.
Spring Budget 2024 Summary
Employment Allowance for National Insurance Contributions
Gifts out of Income - Inheritance Tax Planning
The 31 January Deadline is Approaching!
Record Keeping for Tax Residence
The UK has a detailed Statutory Residence Test to determine someone’s tax residency position. Under this, detailed and accurate record keeping is essential to work out someone’s residency position. A small error can have significant tax consequences. In this blog, we take a look at the sorts of records that should be kept.