The present rate of Inheritance Tax (IHT) that is payable by your executors on your taxable estate is 40%. The good news is that you can reduce the impact of this tax, which effectively reduces the amount of your hard-won assets that is received by your beneficiaries. For example: The first £325,000 is tax-free. This […]
Monthly Archives: November 2020
For many years Chancellors have threatened to reduce the Income Tax relief that can be claimed for payments into a private pension scheme. There have been reductions in the amount of contributions that can be made and the size of the pension fund that can be accumulated, but thus far, allowable contributions may still attract […]
1 November 2020 – Due date for Corporation Tax due for the year ended 31 January 2020. 19 November 2020 – PAYE and NIC deductions due for month ended 5 November 2020. (If you pay your tax electronically the due date is 22 November 2020.) 19 November 2020 – Filing deadline for the CIS300 monthly […]
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