Electric Cars – What should you be considering?
Company cars are one of the most common taxable benefits provided by employers but the high P11D benefits arising on petrol and diesel cars have made them a less attractive employee incentive in recent years. The tax treatment of company-owned electric cars is much more favourable although there are various areas for consideration which may […]
Kilsby Williams announces charity of the year
Tax and accountancy specialist Kilsby Williams has announced that it will be supporting Calon Hearts as its charity of the year. Calon Hearts is a Cardiff-based charity which promotes heart health in Wales and across the UK. Less than one in ten people survive an out of hospital cardiac arrest but survival rates can be […]
New appointments strengthen audit and accountancy team at independent firm
Channa Wijesekera joins Kilsby Williams from one of the ‘Big Four’ global accounting firms and will use his external audit, internal audit and special assignments experience to support the firm’s audit specialists as a senior. Channa said: “I am very grateful to all the Partners of Kilsby Williams for the opportunity given to me. It […]
Changes to the taxation of non-UK doms – an update
While she was speaking, her colleagues at the Treasury published a policy paper providing an update on the planned changes to the UK’s taxation of so-called non-doms. As a reminder, the remittance basis of taxation currently gives UK tax resident non-doms (i.e. individuals living in the UK but who have not decided to live here […]
The VAT is out of the (school) bag
Since coming to power there has been much debate on how and when the exemption would be removed. On 29 July the Chancellor Rachel Reeves made a statement to parliament and the Treasury published draft legislation to finally let the cat out of the bag on this. The key elements of the changes are as […]
The General Election – more than just words
After all the predictions and hype, Rishi Sunak stood in the rain in Downing Street and asked us to decide our future on 4 July. There have been many words spoken and written since then and, as the tit-for-tat campaigns plough on, the polls continue to indicate that we will wake up on 5 July […]
Buying to Let? Company or no company?
One of the biggest considerations is whether a limited company should be set up as a vehicle for your investment. Many self-proclaimed “property gurus” today claim a company should always be set up before investing, but this is not the best route for many. Whilst a company has the potential to provide significant tax savings […]
Furnished Holiday Let tax regime abolished
When the FHL rules are abolished on 6 April 2025 all properties previously qualifying as FHLs will convert to being taxed as long-term residential let properties. Below is a list of tax benefits available to individual owners of FHL properties and the corresponding tax treatment of long-term residential let properties: FHL Long-term Residential Letting […]
Kilsby Williams enhances leadership team
Lucy Creese, Stuart Evans, Dafydd Ford, Rob Meredith and Kaye Morris are being promoted from within the firm’s fast-growing commercial Tax, Growth and Transactions departments; while Huw Sheppard from the Audit and Accountancy and Payroll teams completes the leadership group. This is an incredibly exciting time for our business which will ensure we can continue […]
Tax Residence and Domicile: a brief look into the future.
As things stand, individuals who are both UK domiciled and UK tax resident are subject to UK income tax on their worldwide income and capital gains (subject to mitigations and reliefs designed to avoid double taxation). If someone is UK tax resident but ‘non-dom’ however, they can choose for non-UK income and gains to be […]
