Nick Edgley (Ely)

Nick joined the Ely office in 2019 after starting his career at HMRC in 1993 and then working for 21 years for a regional firm in Cambridge. Nick completed his Chartered Tax Adviser (CTA) exams in 2018 with first time passes in all papers and received the award for the highest marks in the November 2018 "Application and Interaction" paper. As an Associate, Nick personally looks after the tax affairs of a wide ranging portfolio of individuals and trusts; overseeing the completion of Tax Returns and providing advice/planning as necessary. One of Nick’s specialisms is providing advice on UK residency and domicile issues. Outside of work Nick enjoys the odd game of golf, watching some football and spending time with friends and family.
 
My Latest Blogs
 
Nick Edgley
3rd July 2020 31 July: Is full amount of income tax payable?

Many taxpayers who are required to file a self-assessment tax return to HM Revenue & Customs should now be preparing for their next half-yearly tax payment which is due by 31st July. The amount payable is the second payment-on-account for the 2019/20 tax year and is automatically calculated as half of the total tax liability…

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Nick Edgley
19th May 2020 Company cars and fuel during COVID-19

If you are an employee with a company car, and maybe fuel provided, it is worthwhile considering giving up the car, or fuel, during the current pandemic if you are working from home or furloughed.   A company car benefit in kind (BIK) is a set amount based on the list price and emissions regardless…

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Nick Edgley
20th April 2020 COVID-19: Capital Gains Tax (CGT) 30 day reporting changes

When UK resident individuals, trustees and personal representatives dispose of residential property it is important to be aware of the Capital Gains Tax (CGT) reporting changes now with us where the unconditional contract is signed after 6 April 2020, usually this is the date of exchange.   Generally a return in respect of such a…

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Nick Edgley
24th July 2019 From April 2020 – 30-day Reporting and payment date on residential property disposals

From 6 April 2020 the Government is making some significant changes to the rules regarding the reporting and payment of Capital Gains Tax (CGT) when individuals, trustees and personal representatives dispose of residential property and it is important to be aware of these.   Currently such a disposal would be reportable on your tax return…

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Nick Edgley
18th December 2017 Trust Tax Demand errors

  HMRC are now issuing statements to taxpayers ahead of the 31 January 2018 tax payment deadline.   Unfortunately, for a large number  of trust taxpayers, HMRC’s calculation and statement is incorrect, resulting in HMRC demanding an incorrect amount.   HMRC’s Nottingham Trusts district is apparently aware of this issue, and is currently having to…

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Nick Edgley
12th October 2017 Trust Registration Service

  HMRC has released guidance for trustees and their agents for the new online Trust Registration Service (TRS) which has been operating since the middle of July. The new service replaces the old form 41G, as well as a section of the trust tax return used to report changes in trustee contact details.   Trusts…

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Nick Edgley
31st August 2017 Life Interest Trusts and Mandated Income

With the taxation of dividends and interest having changed with effect from April 2016, many trusts may face the requirement to file an annual tax return and pay income tax on their income, even though the income (and credit for the tax paid) will also be declared by the trust beneficiary.   HMRC allow trustees…

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Nick Edgley
27th June 2017 A taxing calculation

Calculate your own tax… The introduction of the so-called dividend and savings allowances from April 2016 was intended to reduce the tax liability for taxpayers with modest dividend and interest income, possibly removing them from the need to prepare a tax return altogether. For other taxpayers however, the interaction of these changes, together with the…

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Nick Edgley
21st April 2017 Probate fee increases scrapped – for now…

The government’s proposed increase to probate fees – from the current £215 to a potential maximum of £20,000 – have been scrapped, as there will not be sufficient time for the regulations to pass through parliament before the snap general election. These changes were highly controversial due to the size of the increase – the…

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Nick Edgley
24th October 2016 UK Government Online Services

HMRC Personal Tax Account: Now able to obtain state pension forecast. HMRC’s Personal tax account has been in operation for 10 months now, and over 3.5 million users have registered to date. The account will be at the heart of the forthcoming ‘Making Tax Digital’ changes, and is currently in Public Beta testing. Whilst further…

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