Understanding corporation tax implications when liquidating your company
Written by Tax Partner, Ian Timms When a company becomes insolvent, there are many issues to be dealt with, and tax is likely low down on the list of priorities. However, there can be many tax implications when it comes to liquidations, and it is very important to get this right. For insolvent companies, the […]
Why your business should consider a holding company structure
Written by Tax Partner, Ian Timms Many business owners start their business journey by setting up a limited company and it continues as such for many years without thinking about whether the structure can be improved. Talk to us To maximise tax efficiency, minimise risk and be better prepared for a potential future sale or […]
A tax guide for foreign entertainers and sportspeople working in the UK
Written by Tax Partner, Thomas Adcock Unlike most non-UK resident individuals who work temporarily in the UK whose earnings either do not give rise to a UK income tax charge, or if they do, it is covered by treaty relief with their home country, there are special tax rules in place for foreign entertainers and […]
AIM shares for Inheritance Tax planning
Written by Tax Partner, Michaela Lamb As has been widely publicised, we are expecting the Government to significantly restrict Business Property Relief (BPR) from 6th April 2026. At present, the final legislation is not available, but the likely impact will be that 100% BPR will be restricted to the first £1 million qualifying assets, with […]
Understanding the Let Property Campaign for undeclared rental income
Written by Tax Partner, Dion Laycock If you’ve earned income from letting property and haven’t declared it to HMRC, now is the time to act. Coming forward voluntarily through the Let Property Campaign could save you significant penalties and provide certainty about your tax position. There’s a growing need for landlords to regularise their […]
Pillar 2: Multinational Top-up Tax and Domestic Top-up Tax Registration requirements
20/06/2025 Written by Tax Partner, Nikhil Oza Companies with 31st December 2024 year-ends falling within the scope of Pillar 2 must complete HMRC registration by 30th June 2025. With less than two weeks remaining, immediate action is essential to avoid penalties. Talk to us The regulatory landscape Following the October 2021 OECD agreement establishing a […]
Capital Gains Tax (CGT) on UK property
Written by Tax Director, Charlene Griffith Have you sold a property that was not your main home? If so, you may need to report and pay online within 60 days of your completion date. Talk to us What is a disposal in CGT? When we talk about Capital Gains Tax (CGT), one of the key […]
Understanding the Temporary Repatriation Facility for individuals with overseas income and gains
Written by Tax Partner, Dion Laycock The UK’s Autumn 2024 Budget introduced significant reforms affecting individuals with overseas income and gains, shifting from a domicile-based system to a residence-based taxation approach. A cornerstone of these reforms, effective from 6th April 2025, is the Temporary Repatriation Facility (TRF). Designed as a transitional measure, it is available […]
Webinar recording: Private pensions: the benefits, planning and how to use them
https://youtu.be/VhQMGtb377Y Private pensions are one of the most expensive tax reliefs in the personal tax system, costing the government over £70 billion annually. Yet many people are missing out on significant tax savings simply because they don’t understand how these schemes work. In this webinar, Gravita Tax Associate Director, Kelly Gould and Evelyn Partners […]
What our poll revealed about Making Tax Digital readiness
Written by Director of Transformation, Russell Frayne During Gravita’s recent webinar on Making Tax Digital for Income Tax (MTD ITSA), we ran a survey to gauge how prepared individuals feel ahead of the 2026 rollout. The responses highlighted a mix of uncertainty, complexity and varied approaches to compliance. The session, held in collaboration with HMRC […]