Latest Blogs in Private Client Tax
Harriet Sim
23rd November 2023 Autumn Statement: How It Effects Private Tax Clients

Are you wondering how the Autumn Statement effects Private Tax Clients?   This year’s Autumn Statement arrived at a time when both businesses and individuals alike are well and truly feeling the squeeze. With the performance of the economy better than expected this year (according to the Office for Budget Responsibility), but expected to grow…

Nick Edgley
12th October 2023 Company Electric Vehicle (EV) Charging At Home

HMRC has amended guidance on the tax treatment of electric charging of company cars and vans at residential properties.   Many business owners will have purchased an electric car or van, owned within a company, over the last few years, attracted by the generous business and personal tax treatments. Where this Electric Vehicle (EV) has…

Liz Simpson
27th September 2023 HMRC increase interest rates

Until inflation is under control, HMRC have no option but to adjust their interest rates in accordance with changes decreed by the Bank of England.   There are two rates to consider, both linked to the Bank of England base rate: Late payment interest, set at base rate plus 2.5% Repayment interest, set at base…

Charlie Whittle
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…

Nick Edgley
7th September 2023 Probate: We can help

We understand the loss of a loved one is a stressful and difficult time. If you find yourself in the unfortunate position of having to complete a probate application we can assist and support you through the process.   Since 2015 Whitings LLP has been licenced to deal with non-contentious probate and we are undertaking…

Ian Piper
23rd July 2023 Current HMRC Targets

The HMRC Nudge Unit, previously called the Behavioural Insights Team, was a team within the Cabinet Office that was tasked with improving government services and saving money by employing a blend of behavioural economics and psychology.  An example of this in practice is the so-called “nudge” letters HMRC issue on the back of using their…

Rob Dedman
1st July 2023 Autumn Statement Predictions

The Chancellor, Jeremy Hunt, has confirmed that the Autumn Statement is scheduled for 22 November 2023. This will give the Chancellor the opportunity to set out future tax plans and give some indication of whether there are likely to be any potential tax cuts before the general election, which must be held before the end…

Nick Edgley
21st June 2023 Airbnb hand over ‘goldmine’ of hosts’ data to HMRC. Are you at risk?

Airbnb has been forced to share users’ income details with HM Revenue & Customs (HMRC) according to widespread reports in the press. It is part of a crackdown on holiday let owners who fail to declare their incomes and to help HMRC identify people who owe tax. If you have not already declared any rental…

James Selby
13th June 2023 31 July: Self-assessment payment reminder

The deadline for paying your second payment on account towards the 2022/23 tax year is 31 July 2023.   Paying your tax bill You can make weekly or monthly payments towards your bill, if you prefer. Pay your Self Assessment tax bill: Pay weekly or monthly – GOV.UK (www.gov.uk)   You can get help if you cannot…

Rob Dedman
7th June 2023 Crypto currency does not need to be cryptic!

What exactly is cryptocurrency? Cryptocurrency (crypto) is a form of decentralised digital currency.  Although there is no central issuing and regulating authority like with traditional currencies like GBP or USD, there are still taxes on crypto in the UK. Crypto assets like Bitcoin and Ethereum have always been popular with investors and tech enthusiasts, but…