Tax
Our experts at Virgo Associates will help guide you through the world of tax, keeping you up-to-date with all the latest changes and regulations.
Your tax advisor at Virgo Associates will keep you informed of the most recent developments and legislation changes while assisting you in navigating the world of tax. Our knowledge and experience ensures we will help you regardless of your industry sector, or size of business.
We provide a variety of tax services for both businesses and individuals, including tax compliance and advice services, to ensure that you don't pay more tax than is necessary.
Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions.
In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.
Virgo Associates provide the following key services.
Latest news from Virgo Associates
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Following the reduction in the Bank of England base rate, HM Revenue & Customs (HMRC) have confirmed that their interest rates will be reduced accordingly.
The government announced major plans last week to modernise the house buying and selling process. The reforms centre on digitalising and making property and identity data available electronically. This will allow mortgage companies and surveyors to have information within easy reach.
The Bank of England reduced their base rate to 4.5% last week, as had been widely expected in the days leading up to the decision.
The Prime Minister and Chancellor met with business leaders last week and unveiled proposals to give occupational defined pension schemes more flexibility.
The new economic secretary to the Treasury, Emma Reynolds, has said that there are no plans to regulate businesses, whether big or small, to compel them to accept cash.
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Action Fraud has received over 30 crime reports since June 2023 relating to remote access scams targeting businesses, with victims reporting losses totalling over £3.8 million.
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The Chancellor of the Exchequer, Jeremy Hunt, has confirmed that the Autumn Statement will be on 22 November 2023. The Autumn Statement can affect tax policy, benefits, and much more. The Chancellor will make his announcement to Parliament, setting out the Government’s plans on all matters fiscal and economic. Interestingly, this could be the Chancellor’s last statement before the next General Election, depending on the time frame that the government chooses.
The Information Commissioner's Office (ICO) has produced guidance on biometric data and biometric technologies.
The AI Safety Summit will take place on the 1st and 2nd November at Bletchley Park.
Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes, and technologies and their flow across different sectors is a significant driver of economic growth and productivity. Recently, innovation has also been identified as crucial to the transition of the economy away from fossil fuels and carbon-intensive business activities.