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SKY Business News

De La Rue chair faces ousting by rebel investor
Tue, 16 Jul 2019 16:17:00 +0100

The banknote and passport printer‎De La Rue is facing a fresh round of boardroom upheaval amid a threat from a furious City investor to oust its chairman at an extraordinary general meeting.

Pound hits two-year low over rising fears of no-deal Brexit
Tue, 16 Jul 2019 15:56:00 +0100

The pound fell briefly to its lowest rate against the dollar in two years on Tuesday, as the two remaining Conservative Party leadership candidates appeared to spook the currency by refusing to rule out a no-deal departure from the EU in October.

IMF boss Lagarde resigns after 'more clarity' on possible ECB role
Tue, 16 Jul 2019 19:15:00 +0100

International Monetary Fund chief Christine Lagarde has resigned from her post effective from 12 September.

Facebook to postpone digital currency until regulators happy
Tue, 16 Jul 2019 20:31:00 +0100

Facebook says it is willing to postpone its digital currency until it has satisfied the concerns of the US treasury and other regulators around the world.

Wage growth nears 11-year high but hiring slows
Tue, 16 Jul 2019 09:32:00 +0100

Average wage growth has accelerated to levels not seen since July 2008, according to official figures.

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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