Budget 2017 Key Details and Summary
Philip Hammond presented his first and last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the distinction between employed and self-employed...
Budget 2016 summary and key details
George Osborne presented the first Spring Budget of this Parliament on Wednesday 16 March 2016. In his speech the Chancellor reported on ‘an economy set to grow faster than any other major advanced economy in the world’. Towards the end of last year the government...
Inheritance tax planning – new horizons for IHT
This article considers two recent developments which potentially affect the inheritance tax (IHT) planning of many individuals. The first is the introduction of the ‘residence nil rate band’ in April 2017 which may enable a family home to be passed on tax free on...
What is the best vehicle for tax purposes?
Operating a business tax efficiently is a key concern to all businesses. What is the best vehicle for tax purposes? The choice of a suitable business medium, for example, sole trader, partnership or limited company may have a substantial impact on the level of...
