Spring Budget 2023

Please find the link to our summary of the Spring Budget delivered by the Chancellor Jeremy Hunt on Wednesday 15 March.  After presenting a Budget-in-all-but name with the Autumn Statement, the Spring Budget was delivered against the backdrop of a day of widespread industrial action. The run-up to the event appeared deliberately downplayed, save for … More Spring Budget 2023

Business Mission in Dubai

We are delighted to share that another Business Mission was organized and has been successfully completed by our InMindful branch in Dubai.  The Mission took place from January 17th to January 21st, 2023, and was participated by 8 people, amongst which were businessmen and doctors. We are grateful to our partners Galizia & Pinna, who … More Business Mission in Dubai

High-Income Child Benefit Charge: penalties and defaults

New data reveals that penalties issued by HMRC for not paying the High-Income Child Benefit Charge (HICBC), or paying the incorrect amount, have fallen significantly. However, the number of individuals still in default is estimated at more than 60,000. If the HICBC is payable, an individual is required to submit a self-assessment tax return each … More High-Income Child Benefit Charge: penalties and defaults

Tax implications for the bank of mum and dad

With property prices expected to fall during 2023, parents may be thinking about getting their children onto the property ladder. However, although help with a deposit does not raise that many tax issues, joint ownership can have expensive tax consequences. Nearly half of first-time property buyers aged under 35 have received help from the bank … More Tax implications for the bank of mum and dad

Making Tax Digital delayed once more

With the self-employed and landlords facing a challenging economic environment, the government has again delayed the introduction of the Making Tax Digital (MTD) scheme for income tax self-assessment (ITSA) – this time by two years until April 2026. Although the introduction of MTD ITSA prompted the basis period reform, no corresponding postponement for this has … More Making Tax Digital delayed once more