News

Holiday Lets – the demise of tax concessions

It was announced as part of the Spring Budget measures that the present favourable tax...

Pension contributions – claiming higher rate tax relief

You can usually claim tax relief on private pension contributions worth up to 100% of...

Road fuel costs still too high

The Competition and Markets Authority (CMA) has published an update on the widespread action it...

Living Wage rates to be overhauled

In a move to put more money in working people’s pockets, the government has overhauled...

First interest rates cut in over four years

The Bank of England’s Monetary Policy Committee (MPC) met on 1 August and in a...

Using the VAT Annual Accounting Scheme

The VAT Annual Accounting Scheme is available to most businesses with an annual turnover of...

Sharing your home with tenants

If you have tenants in your home there can be Capital Gains Tax (CGT) consequences...

Review your State Pension estimate

You can access the Check Your State Pension forecast service on GOV.UK via this link:...

What qualifies for IHT Business Relief

There are several types of reliefs from Inheritance Tax (IHT), one of which is IHT...

HMRC launches VAT registration tool

A new digital VAT registration tool has been launched by HMRC that can be used...

Government to deal with £22bn “black hole” in finances

The new Chancellor of the Exchequer, Rachel Reeves, delivered her widely anticipated House of Commons...

Office closure

We are delighted to announce Young & Co is 40 years old. To celebrate, our...