Wright Vigar

Posted 22nd Aug 2024 in Advice, News

Charity Banking

The UK Finance trade association for the UK banking and financial services sector recently launched a Voluntary Organisation Banking Guide to help charities and other voluntary groups with opening and...

Posted 19th Aug 2024 in Advice, News

Residential Properties – Company or personal ownership?

We are often asked, is it better to own properties personally or via a company and often individuals have a preconceived idea that, nowadays, companies are always the most tax...

Posted 08th Aug 2024 in Advice, News

HMRC's Latest Crypto Nudge Letters are not to be ignored: What You Need to Know

HMRC is sending out a new round of "nudge" letters about cryptoasset transactions. If you get one, don't panic, but definitely don't ignore it either! It's crucial that you understand...

Posted 30th Jul 2024 in Advice, News

Capital Gains Tax Changes on residential properties: What You Need to Know

Capital Gains Tax (CGT) rules are undergoing significant changes in 2024, affecting a broader range of taxpayers. The CGT annual exempt amount has been drastically reduced to £3,000 for 2024/25,...

Posted 25th Jul 2024 in Advice, News

HMRC Updates PAYE Repayment Process: What Taxpayers Need to Know

In a significant change to the Pay As You Earn (PAYE) system, HMRC has revised its approach to tax repayments. This update affects employees who may have overpaid taxes during...

Posted 03rd May 2024 in Advice

Beware of VAT Bank Details Fraud: Protect Your Business

In recent months, HMRC has issued warnings about fraudulent attempts related to VAT (Value Added Tax) bank details. Scammers are exploiting a specific form—Form VAT 484—to gain unauthorised access to...

Posted 19th Apr 2024 in Advice, News

Be aware of tax obligations when investing in cryptoassets

The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have issued a press release today warning Cryptoasset investors to keep up-to-date records to ensure they...

Posted 11th Apr 2024 in Advice, News

Re-registration Required for High-Income Earners Receiving Child Benefit

Taxpayers with eligible children need to opt back into child benefit within three months if they were affected by the old £50,000 high income child benefit charge.The cap was increased...

Posted 07th Mar 2024 in Advice, News

Spring Budget 2024

The Chancellor of the Exchequer Jeremy Hunt delivered his Spring Budget yesterday, 7 March. Our team have put together a useful summary outlining everything you need to know and, more...

Posted 06th Mar 2024 in Advice, News

March 2024 Budget - Initial reaction

As ever pre-budget speculation has been rife. With an election looming, the government want to be seen as lowering taxes and making life easier for working people. However, the announcement...

Posted 05th Mar 2024 in Advice, News

Companies House initiates new powers to combat fraud

Recently, UK banks were alerted about potentially fraudulent company filings. As a result, Companies house have introduced changes aim to improve the quality of data and prevent fraud within the...

Posted 20th Feb 2024 in Advice, News

Maximise Your Tax Efficiency: Year End Tax Planning Guide 2024

At Wright Vigar, we understand the importance of staying ahead of the curve when it comes to managing your tax obligations. That's why we've curated a comprehensive Year End Tax...