Newsletters
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The new non-resident surcharge
With effect from 1 April 2021 a new stamp duty land tax non-resident surcharge applies to the purchase of UK residential property. What are they key points to be aware of when purchasing a property?
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Pensions and tax efficiency
An individual is looking at temporarily topping up their earnings from their pension savings. There are two methods to do this. What are they and which of them is more tax efficient?
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Getting RTI right when paying staff early over Christmas
The latest Employer Bulletin is a timely reminder of the RTI reporting changes in December. What do employers need to get right?
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Does VAT apply to partnership buy-in?
An individual is buying into a partnership. The partner in charge of its finances says VAT must be added to the asking price but her accountant says it’s a transfer of a going concern and so not VATable. Who’s right?
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Saving IHT on the family home
A husband left the whole of his estate, mainly consisting of his share in a home, to his wife in his will. As a result there will be a big inheritance tax bill waiting when she dies. What steps can the wife and their children take to reduce it?
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Avoiding the OpRA trap with pay increases
In 2017 HMRC clamped down on the use of salary sacrifice (optional remuneration) arrangements which offer perks instead of salary as a way of reducing tax and NI. Is it still possible to obtain tax and NI savings using similar arrangements?
Muir & Addy is a partnership registered to carry out audit work by the Institute of Chartered Accountants in Ireland (ICAI). Chartered Accountants Ireland is the operating name of ICAI.
Details of our audit registration can be viewed at www.auditregister.org.uk, under reference number 223287.