Tax – time to pay

The new Business Support service continues to offer tax payers deferred terms for settlement of their tax liabilities. Nationally the feedback from businesses and individuals who have made applications has been promising – HMRC have been sympathetic and supportive in most cases. However there is a circumstance where the Support Service staff have been unable…

Joys of parenthood – tax tips for parents

Some tax saving tips for parents From 6 April 2009 expectant mothers can claim a lump sum of £190 in the 25th week of pregnancy. Claim forms are only available from the midwife or doctor. The midwife or doctor will need to complete their parts of the form and sign and date it before giving…

Tax position of unmarried couples

UK tax legislation relating to capital gains tax (CGT) and inheritance tax (IHT) is designed to  favour of marriage or Civil Partnership. The recent Budget has done nothing to change this. Be aware that the phrase ‘common law wife or husband’ is misleading, if one partner dies without a will, the other will have no…