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Probate fees changes abandoned

Posted: November 7, 2019

The government has confirmed that controversial increases in probate fees will not go ahead as planned. Fees will now remain at a flat rate, after proposals for a new tiered approach met with strong opposition on the grounds they amounted to a ‘stealth tax’ on bereaved families. Following a period of consultation, plans to charge […]

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Losses in the first years of trade

Posted: November 6, 2019

If a new business makes losses in its first few years of trading, there may be scope to carry back those losses and set them off against other income received in the years prior to commencement of the trade. This is commonly referred to as ‘early trade losses relief’ and it applies to losses sustained […]

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Recognising genuine HMRC contact

Posted: November 5, 2019

Broadly, phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords and credit card details by disguising oneself as a trustworthy source in an electronic communication. This is generally carried out by email spoofing or instant messaging, and it often directs users to enter personal information at a fake website which matches […]

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