Errors in State Pension Due to Home Responsibilities Protection (HRP) The Department for Work and Pensions (DWP) estimates it has underpaid between £300m and £1.5billion of state pension because of errors with the recording of Home Responsibilities Protection (HRP). HRP was a scheme designed to help protect parents’ and carers’ […]
Category Archives: Tax
31
Oct
Oct
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Please click below to download a summary of her statement in our Autumn Budget Report 2024. Following this Autumn Budget, please contact our tax team for more advice […]
25
Sep
Sep
Minimise Your Tax Bill with Allowable Business Expenses Allowable Expenses is a term used to describe costs or expenses you incur while running your business that you can claim as tax deductions therefore reducing the amount of tax you pay on your profits. However what expenses you can claim […]
23
Sep
Sep
Dreaming of an Overseas Holiday Home? Consider UK Tax Implications… When summer fades into a distant memory and winter is on the horizon, many of us dream of the sand, sea, and sunshine an overseas holiday home can bring, without much thought to the UK tax implications of owning […]
11
Sep
Sep
The History and Benefits of Bed and Breakfasting For many years UK investors used a method called Bed and Breakfasting to increase the base cost of their assets. This used their annual exemptions and minimised CGT on an eventual sale. It used to be possible to do this across a […]
04
Sep
Sep
11 reasons to do your tax return before the deadline Nobody likes to do tax returns, but there are actually some pretty good reasons to do your tax return before the deadline and get it out of the way. 1. Avoid Last-Minute Stress: Getting it done well […]
Blog, Family, Financial Planning, Tax, Taxable Benefits
High Income Child Benefit Charge (HICBC) Updates: What You Need to Know
04
Sep
Sep
High Income Child Benefit Charge (HICBC) Updates: What You Need to Know Starting from 6 April 2024, significant changes to the High Income Child Benefit Charge (HICBC) have been introduced. These updates could reduce your tax burden and bring welcome financial relief to many families. Here’s a breakdown of […]
29
Jul
Jul
Following Keir Starmer’s recent appointment as Prime Minister, we would like to provide you with a summary of the Labour Party’s main tax plans, which we are aware of. With so many claims and counterclaims made by all political parties in the run-up to the General election, it may be […]
18
Jul
Jul
There are proposed changes to the tax rules relating to Furnished Holiday Let (FHL) accommodation. For many years taxpayers who own holiday homes which are let out to the public on a commercial basis have benefitted from numerous tax reliefs, providing they meet the conditions of a “Furnished Holiday […]
Blog, Financial Planning, Healthcare, Medical, Retirement, Tax, Wealth
Latest Financial Updates for Healthcare
11
Jul
Jul
Following the AISMA conference (Association Independent Specialist Medical Accountants) the healthcare team at Robson Laidler have pulled together the key areas and latest financial updates that our healthcare professionals should be aware of: NHS pension problems We know that your pension is always on your mind due to […]