As well as filing accounts with Companies House, there is a requirement to check that the information Companies House has about your company is correct every year. The filing of an annual company confirmation statement facilitates this. Companies House can prosecute a company and its officers for failing to file a confirmation statement, and the company can be struck off.

Although the Brexit process continues to throw a spanner into the normal workings of government, there are a few certainties from a tax point of view that will be effective from April 2020. A few property related changes are noted in this article:

It is a commonly held point of view that when you sell your home you won’t pay any tax, and in particular, that you won’t pay any Capital Gains Tax on the difference between the purchase and sales prices.

It is a commonly held point of view that when you sell your home you won’t pay any tax, and in particular, that you won’t pay any Capital Gains Tax on the difference between the purchase and sales prices.

At the beginning of August the Bank of England cut interest rates from 0.50% to 0.25%, reaching a new record low and introducing the first cut since way back in 2009, in order to counter the threat of a post Brexit recession. 

At the beginning of August the Bank of England cut interest rates from 0.50% to 0.25%, reaching a new record low and introducing the first cut since way back in 2009, in order to counter the threat of a post Brexit recession.