David Morrison

Head of EQ Taxation

“If you’re finding it difficult to pay your tax bill due to the affects of COVID-19, contact HMRC to ask for a Time to Pay arrangement.

You can call the dedicated ‘HMRC Coronavirus Helpline’ on 0800 024 1222.”

Mark Smeaton

Partner

“With inheritance tax payable at 40% on amounts above the lifetime allowance of £325k, you should consider giving a gift out of income if you’re in a position where you earn more income every year than you spend to maintain your lifestyle.

To discuss the available options to help reduce your inheritance tax estate, speak to the Private Client Taxperts.”

Natalie Filipovic

Senior

“Remuneration planning is a regular consideration for most business owners, but should you always take dividends over salary?

Dividends are taxed at lower rates and they are not caught by the Scottish rate bands, however they may not always be the best option. Our EQ Taxperts can guide you toward the most tax efficient route.”