Blog

  • Can we make inheritance tax simpler?

    Posted on
    Inheritance tax (IHT) has existed in the UK for over 300 years. In its current form, it was brought in to replace the old Capital Transfer Tax; a measure that was brought in itself as a form of wealth distribution in order to regulate disparity between rich and poor. Although in concept the idea is quite simple, in reality, the caveats and bureaucr...
  • What is Making Tax Digital (MTD)?

    Posted on
    HMRC is striving to revolutionise the UK tax system and plans to do that through the Making Tax Digital (MTD) initiative. HMRC wants to be the most efficient tax authority in the world, and embracing the use of digital data appears to be the path towards that. The current system can be scrutinised for not being effective enough, efficient enough or...
  • Can a lack of knowledge of tax rules ever save you?

    Posted on
    Staying on top of the latest tax legislation probably isn’t at the top of the to-do list of the majority of UK citizens, and that’s understandable. If you were to miss something though, would you be let off? Or would your ignorance turn out to be not so blissful, after all? HMRC agrees that a reasonable excuse can stand as a valid defence for an ap...
  • A universal pension lesson: Start saving as early as you can

    Posted on
    When it comes to saving for your pension, the old adage repeated to revising students rings true; little and often. Lots and often if you can manage it, but the most important thing is that you don’t try and cram all of your preparation in at the last minute. The earlier you start preparing, the better off you’re going to be. A recent This Is Money...
  • 5 steps to becoming a millionaire

    Posted on
    You can’t take two steps on the internet without tripping over a new get-rich-quick scheme or the latest mentor promising you fast, easy results. In reality, the path to successful entrepreneurship for most takes time, planning and the right mindset. Inc recently gave a great summary of the new book by Ann Marie Sabath, ‘What Self-Made Millionaires...
  • Why the experts say people need financial advisers

    Posted on
    With the array of online tools and self help resources available, it can be tempting to try and take your finances into your own hands from time to time. For some people, that’s the way to handle it but for the vast majority, getting advice tailored precisely for you from a qualified professional is the best approach. Dr Moira Somers, Canadian neur...
  • Quarterly Newsletter - July 2018 - Paul Beard Introduction

    Posted on
    Hello! It’s been a beautiful summer here in the UK, the World Cup is over and our colleagues in the Lyon office had plenty to celebrate, Allez les Bleus!! Politics both home and abroad continues to dominate the news agenda what with the continuing dogfight that is Brexit and President Trump’s recent ‘long weekend’ in the UK. Brexit negotiations are...
  • Germany: Old-Age & Disability Provision

    Posted on
    Germanys‘ population in age groups 2016: i.e. 15.65 % of currently 81.58 million people are aged between 25 and 39 years; Roughly a quarter is aged 40 to 59…. Since 1972 more people die compared to new born. Germany’s population is shrinking, from currently 81.58 million down to 76.12 million in 2050 or even 73.08 million in 2060! So 2 facts are im...
  • Childcare Vouchers closed to new entrants from 4th October 2018

    Posted on
    The government have confirmed the closure of Childcare Vouchers to new entrants from 4th October 2018 in The Income Tax (Limited Exemptions for Qualifying Childcare Vouchers and other Childcare) (Relevant Day) Regulations 2018 and is being replaced with a new ‘Tax-free Childcare’ scheme. Existing scheme members To be recognised as an existing schem...
  • Should I be paying National Insurance as a UK Expat?

    Posted on
    Q. Do I have to make NI contributions if I am working outside the UK? A. No . It is not mandatory but worth serious consideration if your retirement planning includes State Pension provision. Q. How many qualifying years do I need for the full State Pension? A. You need 35 qualifying years. Q. Is there a minimum number of years I need? A. Yes, 10 y...