Monthly Archives: May 2013

Self Assessment 2013

We are already two months into the 2013-14 tax year and those readers who need to file a tax return for the year ending 5 April 2013 have until 31 January 2014 to do so if filing online. In this article we will explain why it is advisable to gather your various P60s and other tax information together and bring Continue Reading
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UK Pensions received by ex-pats

  If you retire and live abroad make sure that you understand the tax position of your pension before you leave the UK. The UK has a number of so-called “Double Tax” agreements with other countries that set out how income generated and paid from the UK, such as pensions, is taxable. For example the UK State Pension is paid Continue Reading
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When is a cost an investment?

Most businesses trade with the intention of making a profit. In order to do this they must pay certain costs. Generally, these fall into two categories: those that have to paid in order to trade, for example rent, rates, heating and so on, and those costs that have a more expansive role in maximising the profit you make, for example Continue Reading
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DISCLOSURE AGREEMENTS WITH ISLE OF MAN, JERSEY AND GUERNSEY

These new agreements involve a planned automatic exchange of information from 2015 on all accounts held in these offshore areas. They include a disclosure facility to allow UK resident investors with accounts to come forward and settle their past UK tax affairs before information on their accounts is automatically shared between the governments. Similar arrangements are expected to be announced Continue Reading
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