HMRC have published their 2022/2023 “Tax Gap” estimate, which is the difference between the amount of tax which should have been paid and what is actually paid. Although a factor, the tax gap is not solely down to avoidance. More commonly, people make a genuine error in calculating their taxes or rely on past information …
The start of April can often symbolize fresh starts and growth and is the perfect occasion to announce the introduction of two Tax Partners to the Wilder Coe team. Jamie Muirhead will be stepping into his new role as Tax Partner, effective 1st April 2024. After joining the company in 2018 as one of the …
Have you met our newest Tax Manager, Jamie Muirhead? On 1 April 2023, Wilder Coe was delighted to announce Jamie’s new promotion to Tax Manager. Jamie’s role focuses on advising and delivering technical tax support for clients, including individuals, owner-managed businesses, and large corporate groups, ensuring they meet their tax compliance obligations. Jamie also provides tax …
With the new April 2023-24 tax year upon us, we want to take a moment to look at what changes are coming and how these could impact your business. Business owners are encountering many challenges, with rising energy costs hitting hard, supply chain complications and high inflation. As we approach the new financial year, we …
Tax Partner Tim Cook (Wilder Coe) and Zahra Kanani (Partner, Wills and Tax planning at Thackray Williams) hosted this in-depth seminar for the International Estate Planning Council on 23rd June 2022. Focusing on cross-border estates, business assets and real estate, they talk through Inheritance Tax and planning strategies for UK and non-UK domiciled individuals. Tim …
UK IHT (Inheritance Tax) and planning strategies recording Read More »
Do you have clients with relatives, property, inheritances, or businesses in the UK? Join our Tax Partner, Tim Cook and Zahra Kanai (Partner and Wills & Tax planning at Thackray Williams) in collaboration with the International Estate Planning Council for a live seminar focusing on inheritance tax and estate planning strategies for residents and non-residents. Together they will focus …
LIVE EVENT: UK Inheritance Tax and Estate Planning Read More »
As businesses explore ways to be ‘greener’, organisations look to employ a tax regime that encourages zero or low emission vehicles. So, what exactly are the tax benefits? We look at some more commonly asked questions from clients wanting to understand the tax advantages of electric vehicles (EV) or e-bikes. How do you calculate …
With the new tax year approaching on 6 April, what are the forthcoming tax rate changes in the 2022-23 tax year. National Insurance threshold and rate changes On 6 April, National Insurance (NI) rates will increase by 1.25%. The government is introducing a health and social care levy, where working people contribute to funding the …
Keep your workplace Christmas gifts and celebrations tax-free. Want to avoid the taxman’s naughty list this year? Follow our guidelines to take advantage of trivial benefits rules for seasonal gifts and parties for your staff. Christmas gifts Under the trivial benefits rules, employers can treat their teams with an item of value that does not …
Since 2017, any UK trust that pays income tax, capital gains tax, inheritance tax, or stamp taxes must register with the Trust Registration Service (TRS). HM Revenue & Customs (HMRC) opened the TRS on 1 September 2021 for non-taxable trusts. You must register: Non-taxable trusts in existence on or after 6 October 2020 by …
Trust Registration Service opens for non-taxable trusts Read More »
