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SKY Business News

Cathedral City maker to be sold for almost£1bn
Fri, 22 Feb 2019 11:08:00 +0000

Cathedral City cheese maker Dairy Crest has agreed to a takeover by a Canadian firm in a deal worth nearly£1bn.

Investigators drop Rolls-Royce corruption probe
Fri, 22 Feb 2019 11:16:00 +0000

No individual prosecutions are to be brought over long-standing corruption at Rolls-Royce, the Serious Fraud Office has announced.

Lenders to sweeten£500m Interserve rescue deal
Fri, 22 Feb 2019 11:56:00 +0000

Lenders to Interserve, the heavily indebted government contractor, are to sweeten the terms of a£500m rescue package even as the company’s largest shareholder sets out a rival restructuring plan.

'Big Four' supermarkets slump in consumer ranking
Fri, 22 Feb 2019 07:09:00 +0000

Asda has been left languishing last in a satisfaction survey, which saw discounters Aldi and Lidl outperform all of the"Big Four"supermarkets.

Cost of first and second class stamps to go up
Fri, 22 Feb 2019 11:18:00 +0000

Royal Mail has announced the price of first and second class stamps are going to increase from next month.

Personal Tax

Personal tax (income tax and capital gains tax) is arguably the most understood of all of the taxes, as most of the population pay it in a very visible way. Since the introduction of self assessment, the self employed, the employed, investors and trusts all need to understand the new rules, to minimise their overall tax exposure.

If you are selected by the Inland Revenue to fill in a self assessment personal tax return, because you are self employed, a higher rate taxpayer, a director, a property investor, or another reason, you need to make sure that this return correctly discloses all taxable income sources and claims all valid tax deductions.
Specific areas which we are typically asked to advise on include:

Disclosing and then agreeing your personal tax liability with the Inland Revenue is principally achieved by the completing and filing of a self assessment tax return..

Understanding this complicated tax system and paying the minimum amount of personal tax, at the correct time, through the correct mechanism, should satisfy our client.  We may even be able to suggest ways to restructure your affairs to save further tax.

Gorman Darby & Co Ltd
Registered in England & Wales under number 5750702. Registered office is 39 Hatton Garden London EC1N 8EH.