Deferring CGT transferring a business asset

Local accountants and tax advisers, Trueman Brown, advise businesses how they can defer a capital gains tax liability. Capital gains tax (CGT) is levied on capital gains made on the disposal (including gifts) of most assets. However, if the disposal is of...

Increasing the normal minimum pension age

Local accountants and tax advisers, Trueman Brown, advise client’s that a recent change to pension will lead to a change in retirement planning. The normal minimum pension age (NMPA) is the age at which most pension savers can access their pensions without...

New reduced rate of VAT for hospitality and leisure

Local accountants and tax advisers, Trueman Brown, advise local businesses in the hospitality sector that a new reduced rate of VAT of 12.5% applies until 31 March 2022 The hospitality and leisure industry were particularly hard hit by the effects of the Covid-19...

Will electric charging points be taxing?

Local accountants and tax advisers, Trueman Brown, advise employers whether a tax charge arises if employers provide employees with a charging point to enable employees to charge their own electric vehicles at work. As part of the Government’s push to encourage...