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Archive for January 2013

Inheritance Tax Mitigation – Immediate Reduction to your Estate

Inheritance Tax Mitigation – Immediate Reduction to your Estate If you have a chargeable estate for inheritance tax (IHT) purposes (i.e. an estate which is currently worth in excess of about £1.6 million for a married couple or those in a civil partnership on the assumption that both nil rate bands will be available), then…

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Bonus Deferral – Bankers Lead the Way!

Bonus Deferral – Bankers Lead the Way! The Government is coming under increasing pressure to act as many banks and other financial institutions are considering deferring bonus payments until after 5 April 2013 in order to take advantage of the reduction in the top rate of income tax from 50% to 45%. It has recently…

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HMRC Offers Settlement Opportunity for Tax Avoiders

HMRC Offers Settlement Opportunity for Tax Avoiders As party of its continuing crackdown on tax avoidance, HM Revenue & Customs (HMRC) announced on 19 December 2012 that those who are involved in certain tax mitigation techniques will be able to voluntarily settle their tax liabilities without any litigation being taken. This voluntary settlement opportunity is…

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2013 Budget Date Announced

HM Treasury has announced that the Chancellor George Osborne will deliver his 2013 Budget on Wednesday 20 March 2013. The Chancellor’s fourth Budget statement will, therefore, be delivered on the final Wednesday before Parliament’s Easter break and is expected to be presented against the worst set of economic circumstances since the coalition took office. If…

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