Knowledge Base

We pride ourselves in keeping our clients up to date with tax data and useful business articles that are relevant for your sector.

Please follow the links below to obtain detailed tax rates and allowances:

Capital Allowance

Capital allowances for 2019/20.

Capital Gains Tax

Capital gains tax rates and bands for 2019/20.   Notes Entrepreneurs' relief for trading businesses and companies (minimum 5% employee/officer shareholding) held for at least two years.

Charitable Giving

Find out all about Charitable Giving advice. Gift Aid Individuals are able to claim higher rate relief on cash gifts and payments to charities under gift aid. Basic rate tax is treated as having been deducted...

Corporation Tax

Corporation tax rates and bands are as follows: Corporation tax at 32.5% on outstanding loans to participators.

Dates and Deadlines

View the most recent Key Dates and Deadlines information.

Income Tax & Tax Rates

Current tax rates and allowances.

Inheritance Tax

View the most recent Inheritance Tax advice.

Nl Contributions

View the most recent National Insurance Contributions information.

Pension Contributions

There is no financial limit on the amount that may be contributed to a registered pension scheme...

Savings & Investments

View the most recent Savings and Investments information.

Stamp Tax

Stamp duty is payable at a rate of 0.5% on certain transfers of shares and securities of £1,000 and over...

Tax Free Mileage Allowances – Own Vehicle

It is quite normal practice for employees to be reimbursed at a reasonable mileage rate for business use of their own vehicles...

VAT

View the most recent Value Added Tax advice.

Vehicle Benefits

The taxable BIK is calculated as a percentage of the car’s UK list price. The percentage depends on the car’s CO2 emissions...

 We aim to provide interesting, relevant and useful articles for you to read:

Is inheritance tax due on a gift?

Is inheritance tax due on a gift? I have an elderly friend who has said he would like to give me a gift of £10,000 to help with my planned kitchen extension. Will there be any tax to pay on this very generous gift? If you make a gift during your lifetime, there will not usually be ...

Should we register for VAT to reclaim input tax on the costs of conversion?

My brother owns a commercial business unit, and we have decided to convert it into residential units. Although I will be project managing the conversion, I will not be charging my brother. As you can imagine, there will be a lot of expenditure on building materials, which are subject to VAT and potentially contractors who are ...

What are the implications of selling my Scottish home?

What are the implications of selling my Scottish home? I own and live in a property in Scotland. What are the implications of me selling the house to a relative, who will buy it using a buy-to-let mortgage, and allow me to stay in it and pay rent to her as a tenant? If the house ...

What to think about when starting your business

The facts are 75% of start ups fail within the first three years and 33% of these will collapse in the first six months. Here are some top tips to consider when taking the courageous first step of setting up your own business 1. Should you be a limited company, sole trader, partnership or LLP? For example, if you ...

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