Basis period reform explained In 2021, HMRC announced reforms to the basis period rules that will be relevant to the following businesses: Sole traders Partners of an unincorporated partnership or LLP Trading trusts and estates Non-resident companies with profits charged to income tax For short hand, we hereinafter refer to these businesses as “non-corporate businesses”. […]
Charter Tax Consulting Ltd Spring Budget 15 March 2023 Client Summary Note Introduction Today, Chancellor Jeremy Hunt delivered his second Budget. He stated with conviction that the UK is not expected to go into a technical recession this year though of course as we’ve all learned by now, what’s said today can change tomorrow. That […]
Charter Tax Consulting Ltd Budget 17 November 2022 Client Summary Note Introduction So was it third time lucky for today’s Budget announcement? Although we were all warned that everybody’s contribution will need to rise, the pain perhaps could have been worse. There are, though, some taxpayers that will feel the changes more keenly than others. […]
Here at Charter Tax, we are licenced to carry out probate and estate administration work, and, as our team includes both chartered accountants and chartered tax advisers, clients can be confident that we have the specialist knowledge – as well as the compassion and understanding – required to handle the tax affairs of the deceased […]
Charter Tax is delighted to announce that it has now joined forces with the Ludlow UK Trust group. Janet Pierce, founder of Charter Tax, said: “When I first formed Charter Tax in 2009, my vision was to create a full service accounting firm, specialising in looking after high net worth UK and international private clients, […]
Charter Tax Consulting Ltd Spring Statement 23 March 2022 Client Summary Note Introduction Considering the “interesting” times in which we currently seem to live, today’s Spring Budget announcement was delightfully uninteresting, other than a few tax tweaks and rate changes. Probably the best news will be for motorists paying 5p per litre less for fuel, […]
HMRC are now receiving lots of data from overseas jurisdictions via the Common Reporting Standard (CRS), from the Land Registry and from Companies House and are seeking to use this data to check that UK taxpayers have correctly reported their income and gains. Without the manpower to check all of the data themselves, they are […]
Charter Tax Consulting Ltd Autumn Budget and Spending Review 27 October 2021 Client Summary Note Introduction Today’s statement was memorable for all the additional spending announcements and the virtual absence of any additional tax raising plans to pay for them. The most surprising aspect was, once again, no mention of any reform of Inheritance Tax […]
Here is a link to an article written by Ray McCann for Tax Journal 24 September 2021 Disclaimer The information provided by Charter Tax Consulting Limited is general in nature and does not constitute specific tax advice. Professional advice should be sought before deciding on a course of action, or refraining from a certain action, […]
Three years ago, Client Tax Manager, Jane Hodge, started volunteering for the charity Tax Help For Older People, which provides free, independent help and advice for older people on lower incomes, who cannot afford to pay for professional tax advice. The charity says that it saves its clients some £1.5 million or more each year […]