Since the introduction of the new online system, grants of probate are taking up to twelve weeks to finalise. When comparing this with the usual ten day turn around, it can’t be deemed entirely successful. This issue comes as higher probate fees are soon to be introduced, with many people concerned that the new system … Read more Delays of up to 12 weeks as probate moves online
The latest NLP newsletters have been published this week. You can download the NLP Personal Tax Newsletter here and the NLP Business Newsletter here. To receive to our newsletters and get them directly into your inbox please subscribe here.
A substantial increase in probate fees was planned for April 2019, but is still making its way through Parliament, due to the pressure of other business. Here, we take a look at the probate process, and consider how the rise in fees could impact you. What is probate? Probate is the process of handling a … Read more Considering the changes to probate fees
Entrepreneurs’ Relief (ER) is a valuable tax relief for individuals seeking to dispose of their business. It can give access to a 10% rate of capital gains tax (CGT), subject to a £10 million lifetime limit. ER is potentially available to company shareholders, trustees, and owners of, or partners in, unincorporated businesses. However, important new … Read more Disposing of a business? Make sure to claim reliefs
Making Tax Digital for VAT (MTD for VAT) is now live. Businesses with a taxable turnover above the £85,000 VAT registration threshold come within the new rules, and must comply with the initiative or face enforcement action. Here, we answer some of your key MTD for VAT questions. Q: Does my business have to … Read more Making Tax Digital for VAT: are you compliant?
Chancellor brings forward apprenticeships reforms in Spring Statement Chancellor Philip Hammond delivered the 2019 Spring Statement on Wednesday 13 March and brought forward the £700 million reforms for business apprenticeships previously announced in the 2018 Autumn Budget. Mr Hammond also announced that the halving of the Apprenticeship Levy co-investment rate from 10% to 5% takes … Read more Business and Tax Round-up
The Critics’ Circle Awards 2018 took place on Tuesday 29 January 2019. It was the 15th year that Nyman Libson Paul have sponsored the event, proudly supporting the best of British theatre. The big winner this year was Inheritance – Matthew Lopez’s brilliant two-part transposition of Howard’s End to 21st century gay New York. It … Read more NLP Sponsors Critics’ Circle Awards for 15th Year
Chancellor Philip Hammond delivered this year’s Spring Statement during what is an uncertain time for the economy and businesses. Our summary provides an overview of the latest measures and includes updated forecasts for the UK economy and public finances, as published by the Office for Budget Responsibility. The Chancellor pledged to bring forward the £700 … Read more The 2019 Spring Statement: how will the changes affect you?
The cost of original death certificates has risen from £4 per certificate to £11 – an increase of 175%. The rise took place just a week after the Government forged ahead with a new tiered system for probate fees. The flat fee of £215 will be replaced by a sliding scale that could see some … Read more 175% Increase in Death Certificate Cost as Probate Fees Rise
Government urged to take ‘tough action’ on late payments A report published by the Business, Energy and Industrial Strategy (BEIS) Committee recently highlighted how ‘bad payment practices’ have led to the ‘failure’ of many small and medium-sized enterprises (SMEs). The government’s Prompt Payment Code, which was created to address poor payment practices, has ‘too often’ … Read more Business and Tax Round-up