Scott & Wilkinson Blog - Page 34

Please select a news items listed below which maybe of interest to you. Alternatively, please review our archives down the right-hand side, searching either by category or by date. If any of them are of interest and you require more information, please do not hesitate to contact the office.

UK Inheritance rates among highest in the world

Date: 11/04/14

Families are reminded of the importance of inheritance tax planning after new research revealed that the UK has one of the highest rates in the world. The threshold at which inheritance tax (IHT) becomes payable in the UK is currently £325, 000,... Read More

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Self employed taxpayers warned on NIC Debts

Date: 02/04/14

People with unpaid national insurance contributions (NICs) are warned that private debt collectors could be used to recover the money they owe to HM Revenue and Customs (HMRC). People paying tax through Pay As You Earn (PAYE) as an employee, or who... Read More

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Annual Investment Allowance doubled to £500,000

Date: 01/04/14

Businesses looking to invest in new plant or machinery need to consider bringing forward their capital expenditure in order to take advantage of a generous doubling of tax relief available on their purchases. In his Budget speech, Chancellor George... Read More

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Employment Allowance

Date: 21/03/14

From 6 April 2014 employers can claim the Employment Allowance and reduce their employer Class 1 National Insurance contributions (NICs). You can claim the Employment Allowance if you are a business or a charity (including Community Amateur Sports... Read More

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Why does the tax year finish on the 5 April?

Date: 20/03/14

The reason for the tax year running from 6 April to 5 April is primarily historical and has its origin in the switch from the Julian to the Gregorian calendar in 1752. It had been calculated in the 16th Century that the Julian calendar had lost 9... Read More

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Memberships & Accreditations

When appointing a firm of accountants it is important to check that they are appropriately registered and regulated.

Our clients can be assured that Scott & Wilkinson are registered with the Institute of Chartered Accountants in England and Wales to carry out audit work in the United Kingdom and regulated for a range of investment business activities.

We are also registered with the Chartered Institute of Taxation as a firm of Chartered Tax advisors. 

Any use of the term "partner", if used, indicates a member of Scott & Wilkinson LLP or an employee of Scott & Wilkinson LLP with equivalent standing and does not indicate that a partnership exists for the purposes of the Partnership Act 1980