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Tax Talk: Three Tricky ERI Questions Answered

Tax Talk is a regular series written by FSL’s Tax Reporting Analyst, Alex Ranahan. Alex has nearly ten years’ experience as a tax adviser and analyst. He is accredited by The Association of Taxation Technicians and was recently elected co-chair of the Tax Committee for The Investing and Saving Alliance. Alex’s Tax Talks are on […]

Future-Proof Finance: How to Thrive in an Uncertain World

The financial services world has shifted dramatically over the past decade. We’re more interconnected than ever, the technology we use has advanced at a dazzling speed and the regulation that governs us has evolved and expanded to fit newly uncovered areas of finance.

Introducing our new sister company, data specialists Raw Knowledge – A letter from MD Michael Edwards

Our parent company, Industrial Thought Ltd, recently announced the launch of its new subsidiary, Raw Knowledge, a specialist data provider and consultancy. Many of you will be familiar with the team at Raw Knowledge already. Preya Patel – Raw Knowledge’s new managing director – was Head of Data at FSL for almost twenty years. Her […]

Autumn Budget 2024: CGT Rates Rise

What are the CGT changes? Chancellor Rachel Reeves announced in the Autumn Budget on October 30 that the main rates of capital gains tax (CGT) would be increasing with immediate effect. The higher rate of CGT increased to 24% from 20%, and the lower rate rose to 18% from 10%. The rates of CGT that […]

Autumn Budget 2024: Non-Dom Status Abolished

Back in July, the newly elected Labour government outlined its planned reforms to the taxation of non-domiciled (non-dom) individuals, saying it would end the “preferential” tax treatment of foreign income and gains (FIG) based on the “outdated” concept of domicile. Labour confirmed it would abolish the regime in the Autumn Budget on October 30 and […]

Tax Talk: Autumn Budget 2024

CGT support for advisers on platforms is influencing provider selection

91% of advisers are concerned about CGT Research published by Financial Software Ltd (FSL), shows that capital gains tax (CGT) functionality and support given to advisers via platforms is influencing their platform selection and due diligence. As speculation around changes to the CGT regime ramps up ahead of the budget, the majority (76%) of the […]

HMRC crack down on cryptoassets continues

Nudge letters HMRC sent a number of ‘nudge letters’ to those it suspects are failing to pay the correct tax on their crypto gains across August and September. The letter warned recipients that if an assessment concludes that there is additional capital gains or income tax to pay on previously undisclosed crypto gains, there may […]

How might Labour change capital gains tax?

During the run up to the 2024 General Election, Rachel Reeves said Labour had “no plans” to raise capital gains tax (CGT). However, the now chancellor has said that the government will “have to increase taxes” in the upcoming Autumn Budget due to a £22 billion “black hole” in the country’s finances. With Labour having […]

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