Are you aware of the temporary increase in the tax allowance available on your plant and machinery expenditure? With effect from 1 January 2019, the Annual Investment Allowance (AIA) has been increased from £200,000 pa to £1,000,000 pa for a two-year period only. However, if your accounting period extends beyond […]
Tag Archives: Tax
Blog, Family, Financial Planning, Pensions, Personal Finance, Retirement, Tax, Taxable Benefits, Wealth
What happens to my pension when I die?
20
Sep
Sep
One of the most regularly asked questions I get from clients is “what happens to my pension when I die”. Your pension can be your largest asset, often exceeding the value of your home. The rules governing pensions can be complex and have changed significantly in recent years. What happens […]
05
Sep
Sep
In recent months HMRC has issued a flurry of Requirement to Correct (RTC) letters urging individuals to disclose their worldwide income and gains and ultimately aims to recover unpaid tax. But what do these letters mean? Our world is becoming ever smaller and interconnected. Whether it be a 10am Skype […]
15
Aug
Aug
HMRC will NEVER EVER send you an email or ring you to tell you that you are entitled to a tax refund. That is fact. In the last week we have seen two different examples of scam emails pretending to be from HMRC saying a tax refund is waiting and […]
30
May
May
Our brave staff along with their friends and family, are taking on The Coast 2 Coast Challenge for charity this August. The 16 strong team will cycle approx. 150 miles from Whitehaven to Tynemouth over three days to raise funds for the Firm’s Charity of the Year, the Freeman Heart […]
23
Apr
Apr
Structures and Buildings Allowance This change, announced at Budget 2018, provides for capital allowances for expenditure incurred on or after 29 October 2018 on the construction of a building or structure in qualifying use. The annual rate of allowance is 2%. After some delay HMRC have now published the draft […]
10
Apr
Apr
Saturday marked the start of the new tax season. Along with that comes changes to categories like personal allowance, income tax, national insurance and a few others. For details of the main tax changes coming in the new year, please check out our recent tax briefing on our resources page: […]
14
Nov
Nov
It is now six months until Making Tax Digital (MTD) kicks in. So here at Robson Laidler Accountants we are ready to guide you. WHAT IS MTD? MTD is a government initiative to bring the tax system online. It means linking business accounts through to HMRC’s systems in an automatic […]