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SKY Business News

Ex-BHS owner must pay£124k for breaking pensions law
Fri, 14 Dec 2018 15:08:00 +0000

Former BHS owner Dominic Chappell has been ordered to pay more than£124,000 for breaking pensions law when the retailer collapsed.

Moneysupermarket compares chairmanship contenders
Fri, 14 Dec 2018 17:21:00 +0000

The price comparison site Moneysupermarket Group has become the latest big British company to begin searching for fresh leadership as new rules loom that will curtail chairs' status as independent directors.

Facebook bug exposed photos that users never posted
Fri, 14 Dec 2018 16:34:00 +0000

Facebook has discovered a bug that gave third-party apps access to the photos of up to seven million users.

Ashley among suitors toying with Hamleys bids
Fri, 14 Dec 2018 10:37:00 +0000

The Sports Direct tycoon Mike Ashley and The Entertainer, a privately owned toy chain, are among a pack of suitors scenting a Christmas bargain by lodging their interest in a takeover of Hamleys.

Fracking paused in Lancashire after tremors
Fri, 14 Dec 2018 15:44:00 +0000

Cuadrilla has paused fracking at its Preston New Road site in Lancashire after what it describes as a"series of micro-seismic events".

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.