Intestacy Rules

14.04.20 / Insight posted in Practical Guides

This flowchart shows who inherits an estate where there is no valid Will. There are separate charts for when the deceased is and is not survived by their spouse or civil partner. Please contact us or visit our webpage for further information.

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Lasting Powers of Attorney

06.04.20 / Insight posted in Practical Guides

This leaflet sets out the function of the two types of lasting powers of attorney (LPA). It also explores who can act as your attorney and how we can guide you through the process of completing an LPA. Read here for further information or visit our webpage.

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Tax Facts 2020/21

11.03.20 / Insight posted in Practical Guides

Your online guide to UK tax rates for 2020/21.

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UK Personal Tax Residence Rules

05.02.20 / Insight posted in Practical Guides

The Statutory Residence Test (SRT) has applied since 6 April 2013 and determines whether or not an individual is a UK tax resident based on both time spent in the UK and other links to the UK. There are essentially three parts to the test. Our UK Personal Tax Residence Rules document provides a summary…

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Trivial Benefits

05.02.20 / Insight posted in Practical Guides

Employers can provide their employees with trivial benefits without incurring any tax or National Insurance charges. The exemption also applies if the trivial benefit is: Provided to the employee’s family members or household Provided to the employee by a third party on behalf of the employer Find out more in our Trivial Benefits document.

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Creative tax relief – orchestra

05.02.20 / Insight posted in Practical Guides

Some orchestral concerts are eligible for orchestra tax relief. This relief can increase the amount of expenditure that is allowable as a deduction for tax purposes or, if the company makes a loss, can be surrendered for a payable tax credit. This can provide a 25% subsidy towards the costs of producing an orchestral concert…

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Will Preparation

05.02.20 / Insight posted in Practical Guides

A Will is a legal declaration of how you wish the assets in your estate to be dealt with after your death. A Will makes it much easier for your family or friends to administer your assets when you die. If you die without a Will the process can be more time consuming and stressful.…

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Managing your VAT

27.09.19 / Insight posted in Practical Guides

VAT is a significant cost to the charity sector. It is also regularly changing due to evolving rules in both the EU and the UK. This can affect how your charity generates its funding and carries out it various activities. Regularly reviewing your VAT affairs ensures risks are managed and all available opportunities are identified…

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Business investment relief

09.09.19 / Insight posted in Practical Guides

Most UK taxpayers are liable to pay UK income tax and capital gains tax on all of their worldwide income and gains as they arise. However, individuals who are resident but not domiciled in the UK can make a claim to be taxed on the remittance basis instead. This means they are taxed on all…

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Branch profits exemption

09.09.19 / Insight posted in Practical Guides

The basic rule of UK corporation tax is that a UK resident company is taxed on its worldwide profits wherever arising, including those of any foreign branches. Credit relief is then given against the UK corporation tax for the foreign tax paid on the profits of foreign branches.

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