Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Click here to view the full report. Please don’t hesitate to get in touch should you have any questions. You can contact us...
UK resident Individuals selling UK residential property at a gain, where the gain is not fully covered by private residence relief, need to submit a capital gains tax on property disposal (CGT PPD) return within 60 days of completion whereas non-resident individuals need to submit this return regardless of whether the property is sold...
We are delighted to announce that PK Wealth have been shortlisted for the 2023 Wealth and Asset Management Awards. Thank you to all involved in the process. PK Wealth applied for the ‘Innovation of the Year’ award with the IHT Portfolio Service. You can find the shortlists here: https://www.moneyage.co.uk/assetmanagementawards/shortlist23.php
Tax free allowances on capital gains have been slashed, resulting in increasing CGT liabilities. With effect from 6 April 2023 the CGT annual exempt amount will fall from its present level of £12,300 to £6,000 for 2023/24 and further to £3,000 with effect from 6 April 2024. By way of an example, a client...
15th February 2023 The external environment is characterised by high inflation which manifests itself in rising fixed and variable costs including wages. Where possible, we have attempted to pass on to our clients some of the increased costs but are mindful of the price elasticity of demand for our services which constrains the amount...
HM Revenue & Customs (HMRC) have introduced a revised penalty regime for the late submission of VAT returns. The new rules apply for VAT accounting periods commencing on or after 1 January 2023 and apply to nil and repayment returns and those for which VAT is paid late. The new penalty system will replace...
PK Wealth are delighted to have had their IHT Portfolio Service referenced in the GrowthInvest Market Download. The PK Wealth IHT Portfolio Service is an innovative, active discretionary portfolio management service providing diversified, risk-rated exposure to AIM and Asset-Backed Investments. There are 5 portfolio options, each having different allocations to AIM and Asset Backed...
PK Group are delighted to announce that Adam Ryan (Head of Employee Benefits) has been appointed as a Director of PK Group. Patrick Kennedy, the CEO of PK Group declared: “Adam, congratulations on your well-earned promotion – your contribution to developing our EB business is highly appreciated and we look forward to working with...
“On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public...
PK Group have released another guide on the mini budget reversal to inform you of the updated government announcements. Click here to view: Reversal-on-Mini-Budget-22 For more information, please do not hesitate to contact us via welcome@pkgroup.co.uk or +44 (0)20 8334 9953