Tax and Financial Planning

• Who Owns the Balance on the Joint Account?

  • Posted2 May 2018

  Sometimes, what seem to be quite simple questions have to be decided in court. In a recent case, the issue was who owned the money in a joint bank account...

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• Reliance on Accountant Shows Reasonable Care

  • Posted12 April 2018

  If you rely on your accountant’s advice regarding a tax issue, HM Revenue and Customs (HMRC) will now regard you as having taken ‘reasonable care’ to get things right and...

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• Non-Residents Beware – Ignorance of UK Tax Law is No Excuse

  • Posted27 March 2018

  About 900,000 UK citizens are long-term residents abroad, and it is no particular surprise that they may be less careful about managing their UK tax affairs than those who live...

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• What Do Points Make? Tax Penalties

  • Posted9 March 2018

  The automatic penalties attaching to late filing of tax returns have long been an unpopular issue for taxpayers. The system involves fixed penalties for missing deadlines and these are rigorously...

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• ISAs in Estates to be Tax Exempt

  • Posted21 February 2018

  One of the issues that proves difficult for executors of deceased persons who have Individual Savings Accounts (ISAs) is that the interest on them is taxable once the owner has...

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• Do You Still Believe in the 90-Day UK Tax Residency Myth? Read This!

  • Posted9 February 2018

  It is an enduringly popular misconception that all you need to do in order to establish that you are not UK resident for tax purposes is spend fewer than 90...

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