Charlie Whittle (Accountants Bury St Edmunds)

Charlie joined Whitings Bury St Edmunds office as a trainee in August 2020. Charlie passed his ATT qualification in July 2022 achieving distinctions in all of his written papers, as well as a prize for the highest mark achieved in the IHT, trust and estates paper in the May 2022 sitting. Charlie currently works on a portfolio of Private Clients and is experienced in dealing with Capital Gains Tax Reporting. Charlie’s area of interest is in the medical sector and the tax issues associated with membership of NHS pension schemes. Outside of work, Charlie enjoys playing golf and is also a keen runner, completing numerous half marathons and marathons.
My Latest Blogs
29th November 2023 Making Tax Digital (MTD): A Simplification

Alongside the Autumn Statement, the government has announced the outcome of its ‘Making Tax Digital’ review for small businesses. The outcome of the review has prompted some welcome simplifications and tweaks to the regime that should make it easier for taxpayers to interact with the Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) regime.…

17th November 2023 Preserving Your Family Wealth: Trusts

Have you considered preserving your family wealth?   It is a common occurrence in times of economic uncertainty, most recently the COVID-19 pandemic and the 2008 financial crisis, that asset valuations slump. In recent weeks, there has been widespread concern about the economy and in particular the housing market, with the volume of transactions and…

12th September 2023 Gifts out of surplus income exemption

The ‘gifts out of surplus income’ exemption is a powerful, yet often forgotten about, Inheritance Tax (IHT) exemption. As the name suggests lifetime gifts made from surplus income are immediately exempt from IHT, provided that certain conditions are met.   To qualify for this valuable relief, the following conditions need to be satisfied: The gifts…

1st June 2023 Submitting your Tax Return early: The benefits

Now that the 5th April 2023 has passed many self-assessment taxpayers will be turning their attention to preparing and submitting their self-assessment personal tax returns for the 2022/23 tax year, which covers the tax year ended 5th April 2023. Although the filing deadline is 31 January 2024 (31 October 2023 for paper returns) it is…

10th May 2023 In year ATED filing deadlines: Reminder

Now that the 30 April 2023 Annual Tax on Enveloped Dwellings (ATED) filing deadline has passed, it is important to remember that additional returns may need to be submitted to HMRC during the ATED chargeable period, which runs from 1 April 2023 to 31 March 2024. The most common events which cause this are explained…

22nd March 2023 Pensions Tax Pain Relief: NHS clinicians

What is the Annual Allowance (AA) The AA is the maximum that can be saved into all of your pension pots in any one tax year before incurring a tax charge. For the current 2022/23 tax year the annual allowance is set at £40,000. Every tax year your annual allowance is compared to your pension…

6th March 2023 ATED revaluation reminder: Deadline 30/4/23

Annual tax on enveloped dwellings (ATED) is an annual tax charge payable by companies, partnerships (with at least one corporate partner) and certain collective investment schemes that own UK Residential properties exceeding £500,000.   Revaluation dates For ATED purposes, properties need to be revalued at fixed revaluation dates, regardless of when the property was acquired.…

7th November 2022 HMRC reminders: Taxpayers of ATED revaluation

What is ATED? Annual tax on enveloped dwellings (ATED) is an annual tax charge payable by companies, partnerships (with at least one corporate partner) and certain collective investment schemes that own UK residential properties exceeding £500,000 in value.   When do I need to value the property? The property needs to be valued on specific…

17th October 2022 How Does My NHS Scheme Pays Election Work?

What is a scheme pays election? Scheme pays is a facility that allows you to ask NHS pensions to pay some or all your annual allowance excess charge. However, by making a scheme pays election you suffer a permanent reduction in the pension benefits that you will receive in retirement. If I make a scheme…

10th August 2022 Annual allowance for NHS pensions

What is the annual allowance? The annual allowance for the 2022/23 tax year is £40,000 and each year this is compared with your pension input amounts. Your pension input is defined as the increase or growth in the capital value of your NHS pension benefits across all pension schemes. Any growth in excess of the…