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Tag: Tax

Alextra Accountants
Using The Capital Gains Tax Exempt Amount
As the end of the 2016/17 tax year draws to a close, it may be worth taking stock of your capital gains tax position and accelerating any disposals likely to generate a gain where the 2016/17 annual e...
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Alextra Accountants
Correcting Mistakes In Your Tax Return
Mistakes happen and where a mistake has been made in your tax return it is possible to file an amended return to correct the mistake. Amendment window The amended return must be filed within 12 months...
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Alextra Accountants
Making Tax Digital To Start In April 2018
Legislation to introduce Making Tax Digital (MTD) will be included in the Finance Bill 2017 and despite many objections that it was too soon, the new system of quarterly reporting will commence in Apr...
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Alextra Accountants
Salary Sacrifice After April 2017
To date, salary sacrifice arrangements have been a popular way for employees to benefit from tax-free benefits without employers footing the bill. Under a salary sacrifice arrangement, the employee gi...
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Alextra Accountants
Residence Nil Rate Band
From April 2017, a new nil rate band – the residence nil rate band (RNRB) – is available for inheritance tax purposes. It increases the amount that can be left free of inheritance tax when the estate ...
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