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Month: March 2020

March 15, 2020

Chancellor Rishi Sunak announced a cut in lifetime limit on entrepreneurs’ relief from £10m to £1m. This relief on capital gains tax (CGT) costs the Treasury £ 2.6bn an entrepreneurs’ year. Entrepreneurs’ relief, a tax break mostly benefits wealthy business owners. Rishi Sunak significantly scaled back the relief, which halves the capital gains tax paid...

March 12, 2020

New Chancellor, Sunak, has announced exceptional measures to support businesses and individuals who might suffer due to coronavirus outbreak in his first Budget a day ago. Undoubtedly, this was a coronavirus Budget, but it was also a post-Brexit Budget. He promised this Budget would help hard-working families keep more of their money. However, these measures...

March 10, 2020

The first Budget of UK’s Government as a non-EU state is just a day away. The new chancellor Rishi Sunak will deliver the financial statement on March 11.  What are the expectations from The Budget 2020? Cash Protection Mr Sunak will commit to enshrining cash’s protection in law. So,Treasury will begin talks with industry and...

March 1, 2020

The UK’s new Chancellor, Rishi Sunak, guarantees that HMRC will not be “heavy-handed” in pushing its IR35 tax reforms. According to HMRC  “Customers will not have to pay penalties for errors relating to off-payroll in the first year, except in cases of deliberate non-compliance”. Sunak has offered reassurance to contractors that HMRC will ensure a...

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Leeds: 94 Street Lane, Leeds
Birmingham: 9 Sheaf Lane, Coventry Road, Birmingham
London: Suite 2462, Unit 3A,34-35 Hatton Garden,London, EC1N 8DX
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