Welcome to the ammu

Tax Planning + Advice Hub

Tax planning is key to optimising tax relief and allowances for a robust financial plan for life, work and family.

ammu Hub Expert Emily Wilson

Our hub gives you the facts, case studies and resources to help with tax planning and plan for the future.

We’ll give you the advice and support you need to optimise your tax relief and allowances and make the right decisions for you today and for tomorrow.

Recent News + Blogs

Spring Statement Summary

Most of the announcements made by UK Chancellor Jeremy Hunt will have a significant impact on our personal finances. The energy price guarantee will continue until July, the fuel duty rise has been cancelled and the lifetime allowance for pensions […]

Spring Budget 2023: personal taxation

PERSONAL TAXATION INCOME TAX 1 Personal allowance reduced by £1 for every £2 of adjusted net income over £100,000.2 Reduced by £1 for every £2 of adjusted net income over £34,600 (£31,400 for 2022/23), until the minimum is reached. 3 […]

Taxing wealth – a viable option?

As we look ahead to the Budget on March 3 – a full update will be published on ammu.uk shortly after the Chancellor’s statement – it is worth looking at some of the issues that may well be under consideration. […]

Spring Statement 2023: Pensions, Savings & Investments

Lifetime allowance (LTA) The Chancellor announced the abolition of the LTA. The 55% and 25% LTA charge tax rates that apply when an individual exceeds the LTA for pension savings will be reduced to nil from 6 April 2023. Consequently, […]

Spring Statement 2023: Business Taxes

BUSINESS TAXES Corporation tax rates Corporation tax is charged at 25% (main rate) and 19% (small profits rate) for financial years 2023 and 2024. The Patent Box deduction formula will be amended to ensure the correct amount of relief is […]

Spring Statement 2023: Tax Administration

Charitable reliefs UK charity tax reliefs and exemptions will be restricted to UK charities and community amateur sports clubs (CASCs). The change is effective from 15 March 2023 and affects income tax, CGT, corporation tax, IHT, stamp duty, SDLT, SDRT, […]

Spring Statement 2023: Value Added Tax

VALUE ADDED TAX Registration and deregistration The VAT registration and deregistration thresholds will stay at their current levels of £85,000 and £83,000, respectively, until 31 March 2026, as announced in the Autumn Statement. THINK AHEAD Make sure you submit your […]

Spring Statement 2023: Capital Taxes

Capital gains tax (CGT) annual exempt amount The CGT annual exempt amount for individuals and personal representatives will be cut to £6,000 for 2023/24. The annual exempt amount for most trusts will likewise fall to £3,000 (minimum £600), as previously […]
Scotland needs a new tax system and higher tax revenue

Scotland needs a new tax system and higher tax revenue

This was the conclusion reached in a paper published by Reform Scotland at the end of June 2022 and written by Heather McCauley, a former senior civil servant who has worked for the UK, Scottish and New Zealand Governments. We […]
Reclaiming overpaid inheritance tax

Reclaiming overpaid inheritance tax

Inheritance tax (IHT) is expected to raise £37 billion over the next five years – £10 billion more than in the past five years. But IHT is sometimes overpaid and it is reported that families have made 32,000 claims for IHT […]

Charitable giving pitfalls

Many individuals donate to charity simply for altruistic reasons, but this doesn’t mean the tax benefit should be ignored. With Gift Aid donations saving tax at an individual’s marginal rate, donors need to watch out for any pitfalls that might […]

Recovery of VAT on Electric car charging

The Government is committed to encouraging more and more people to drive electric cars and have reduced or eliminated the income tax benefits of providing electric company cars or charging points for employees. Since 6 April 2019 there has been […]

Guides, Factsheets + Events

  • Tax Tables 2023-24

    UK and Scotland Personal and Business Tax Rates
    Tax rates, reliefs and allowances: UK and the Scottish income and property taxes.

  • Tax Matters Guide

    Tax Matters
    With ideas affecting income and investment, for couples, company directors and employees, and self-employed people, there will be something for everyone.

  • Tax Services

    Tax Services
    How can you make tax work for you? Effectively managing your tax affairs