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Tax Tips

Topical articles and guides from Z2 Group

Ready for tax payments next month?

Next month, July 2021, taxpayers may need to settle a number of liabilities…

Beware bogus contacts from HMRC

Fraudulent contacts, by email and other means, are becoming commonplace and innocent members of the public are being left out of pocket…

VAT Deferral Scheme deadline

The online portal for the new VAT payment scheme closes on 21 June 2021…

The 7-year rule

If there is any Inheritance Tax to pay on gifts you make during your lifetime, it is charged at 40% on gifts given in the 3 years before you die…

Company super-deductions and tax increases

One of the more innovative aspects of the recent March budget was the introduction of the rather grandly named super-deduction…

Did you overclaim the SEISS grant?

HMRC have set out detailed guidance for the self-employed who may have over-claimed any of their SEISS grants…

Are your Child Benefits under threat?

For some time now, HMRC have had the power to claw back some or all of the Child Benefits you receive if either parent’s income exceeds £50,000…

Super-deductions, what are they?

Perhaps the most innovative give-away in the recent budget was “Super-deductions for investment expenditure”…

What are Super-Deductions?

The facility that allows assets to be written off are called capital allowances and currently, they range from just a few percent per annum to a 100% write down…

Pension pot top-ups before 6 April 2021

Review your pension contributions and consider whether it would be beneficial to top up your pension before the end of the tax year…

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