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SKY Business News

FTSE 100 CEO pay a 'badge of national shame'
Tue, 14 Aug 2018 14:17:00 +0100

The pay of FTSE 100 chief executives has soared 23% in 2017, with the mean package worth£5.7m a year, despite efforts to curtail executive excesses in the wake of the financial crisis. 

1,500 jobs at risk as 42 Homebase stores to close
Tue, 14 Aug 2018 09:44:00 +0100

DIY retailer Homebase is set to close 42 stores, putting around 1,500 jobs at risk.

Homebase closures: Is your local store to go?
Tue, 14 Aug 2018 13:31:00 +0100

Homebase has revealed the locations of the 42 stores it is planning to close, placing 1,500 jobs at risk.

RBS pays£3.6bn to settle misconduct probe
Tue, 14 Aug 2018 21:27:00 +0100

Royal Bank of Scotland has agreed to pay $4.9bn (£3.6bn) to settle a US Department of Justice (DoJ) probe into the mis-selling of mortgage-backed securities before the financial crisis.

EU must 'change approach' to avoid no-deal - Hunt
Tue, 14 Aug 2018 18:06:00 +0100

The EU needs to"change its approach"to avoid a no-deal Brexit, Jeremy Hunt has said.

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
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