Paul Beare

Ensure compliance with HMRC rules when providing company cars. From P46(Car) submissions to benefit reporting, learn what steps to take for private use and specific exemptions. Here are the steps you need to follow to inform HMRC if you make any cars available for private use by company directors or employees. Private use of a…

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Over one million parents have now claimed Child Benefit online or via the HMRC app, with 87% of new claims using this speedy service. If you’ve recently had a baby or a child joins your family, applying online ensures you get support quickly—right when you need it most. HMRC’s Director General for Customer Services, said:…

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From April 2024, UK businesses can access enhanced R&D tax relief through the merged RDEC and new ERIS schemes. With generous deductions and credits for R&D-intensive projects, the schemes offer tailored support to fuel innovation and drive growth. Research and Development (R&D) tax reliefs are designed to support UK companies engaged in innovative science and…

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The UK is a superb place to start a business. With an established financial sector ready to offer growth finance, an efficient professional services infrastructure and a highly skilled talent pool, the UK remains one of the most attractive markets for those starting their growth journey.  However, there has been a persistent issue with helping…

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At IR Global, our commitment to the highest ethical standards and a collaborative member culture forms the cornerstone of our network’s success. As rising stars within your fields, you play a crucial role in shaping the future of our network, embodying these principles in your professional journeys. The Ethics Committee supports this mission by providing…

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If you believe you have overpaid tax to HMRC, you can typically claim a tax refund for the excess amount. The process for making a claim varies depending on factors such as whether you submit a self-assessment return and how much time has passed since the tax was overpaid. According to HMRC you may be…

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A number of changes to Inheritance Tax (IHT) were announced as part of the Budget measures. We have covered each of the main measures below. It should be noted that these changes are not coming into effect until April 2026 at the earliest. IHT reliefs Changes were announced to IHT Business Relief and IHT Agricultural…

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In the Budget it was announced that the rates of Capital Gains Tax (CGT) are to be increased with immediate effect. The main rates of CGT that apply to assets other than residential property and carried interest will increase from 10% to 18% (for Income Tax basic rate payers) and from 20% to 24% (for…

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Determining an acceptable level of pension income for retirement depends on individual circumstances, including lifestyle expectations, health, and financial commitments. However, several guidelines and studies provide benchmarks to assist in planning. Retirement Living Standards The Pensions and Lifetime Savings Association (PLSA) outlines three retirement living standards in the UK: Average Retirement Incomes According to government…

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The long awaited, much anticipated and dreaded first Budget of the new Labour government was delivered to Parliament today – 30 October 2024 – by the Chancellor, Rachel Reeves. We now know where the funds will come from to finance investment and growth, and the vaunted tax increases are no longer speculative, we have the…

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IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce that Paul Beare adds an additional practice area as the exclusive Foreign Direct Investment member in England. Paul has been immersed in the corporate services sector since he was 15 and is still relatively young to be heading up such a business. His vast…

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