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August 2024

What are the benefits of filing your tax return early?

It can be a misconception that you must wait until January to file your tax return.

Moore East Midlands welcomes Laura Blows as new Senior Tax Manager

Moore East Midlands is pleased to announce the addition of Laura Blows as Senior Tax Manager in the Peterborough office.

What qualifies for IHT Business Relief | Business relief and inheritance tax

There are several types of reliefs from Inheritance Tax (IHT), one of which is IHT Business Relief. This can be a significant tax benefit for those with business interests, potentially offering either 50% or 100% relief from IHT on the value of business assets if certain criteria are met.

Moore Kingston Smith expands with acquisition of Moore Northern Ireland

Moore Kingston Smith and Moore Northern Ireland, two longstanding Moore UK member firms, announce their new partnership.  

Automatic PAYE refunds are no longer issued

As of April 2024, HM Revenue and Customs (HMRC) will no longer issue automatic PAYE (Pay As You Earn) tax refunds.

Capital Gains Tax Allowance 2024/25 | What is the Current CGT Rate

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. If taxpayers only pay basic rate tax and the gain keeps them within basic rate, they may only be subject to a reduced rate of 10%. Once the total of taxable income and gains exceed the higher rate threshold, the excess will be subject to 20% CGT.