What is Making Tax Digital (MTD) and what does it mean for me?

Making Tax Digital (MTD) is a government initiative to transform the tax system and move it online. The aim is to make “fundamental changes to the way the tax system works – transforming tax administration so that it is: more effective, more efficient and easier for taxpayers to get their tax right”. But what does … Read more

What is Capital Gains Tax?

A capital gain arises when you dispose of an asset that has increased in value. You will pay tax on the profit you have earned i.e. the sale proceeds less the cost. The most common types of asset on which Capital Gains Tax is payable are: Personal possessions worth £6,000 or more, excluding your car … Read more