A bumpy ride for August on the markets
Stock markets, as well as some family holidaymakers, experienced a rollercoaster August. The traditional holiday month proved to be anything but quiet on the world’s investment markets. As the graph of the major UK and US stock market indices shows, … Continue reading
Company car tax revisited – the new rules
The Treasury has had a rethink on company car tax rules which may make you review your company car needs. Do you know your WLTP from your NDEC? If you drive a company car, it might be useful to understand … Continue reading
Money purchase annual allowance penalties – pick a number
A Freedom of Information (FoI) request has revealed a gap in HMRC’s knowledge about how many people have been hit with penalties around the annual allowance. The annual allowance, which effectively sets the tax-efficient ceiling on annual pension contributions, used … Continue reading
Light at the end of the tunnel for inheritance tax simplification?
The Office of Tax Simplification (OTS) published its long-awaited second report on inheritance tax (IHT) in July with a range of useful proposals. The report, focused on simplifying the structure of IHT, contained some surprises, not only in the recommendations … Continue reading
New prime minister, new tax policies
July ended with a new prime minister in Boris Johnson and a new chancellor in Sajid Javid, both with different ideas from their immediate predecessors. There is already speculation about what Mr Javid might produce in his first Budget and … Continue reading