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SKY Business News

Nissan boss says Brexit is 'positive' - and claims new trade deal gives carmaker a 'competitive advantage'
Fri, 22 Jan 2021 00:01:00 +0000

Nissan has hailed the Brexit deal, saying the agreement will give it a"competitive advantage"as it committed to produce new electric vehicle batteries at its Sunderland plant.

Next ditches TopShop offer amid bidding frenzy
Thu, 21 Jan 2021 18:58:00 +0000

Next has pulled out of the bidding for TopShop as the auction of Sir Philip Green’s former high street empire enters its closing stages.

Revealed: How many pubs, restaurants and clubs closed their doors permanently in 2020
Fri, 22 Jan 2021 00:01:00 +0000

Almost 10,000 licensed premises - including pubs, clubs and restaurants - closed permanently last year as the coronavirus crisis hammered the hospitality sector, according to new figures.

Nissan blames COVID for Sunderland production line disruption
Thu, 21 Jan 2021 19:04:00 +0000

Nissan says it is to"pause"a production line at its Sunderland plant on Friday because of coronavirus disruption.

Bars and restaurants should stay shut until May, government adviser says
Thu, 21 Jan 2021 18:03:00 +0000

Bars and restaurants should stay shut until May, a government adviser 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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