Proposals to increase probate fees – time for some tax planning?

Recent government proposals have been announced whereby individuals would be forced to pay up to £20,000 in compulsory government probate fees. Currently, only estates valued at less than £5,000 are exempt from the government probate fee. Under the new proposals, the threshold would increase to £50,000. Supporters of the plans argue that this would exempt 60% of people from paying … Read More

Audit exemption limits – does your company need an audit?

The rules governing which companies are required to have an audit have changed. For company year ends ending on or after 1 October 2012, a company may qualify for an audit exemption if it can satisfy 2 out of the following 3 criteria: has assets worth no more than £3.26m has an annual turnover of no more than £6.5m has … Read More