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Personal Tax

Retirement planning – are you on track?

5th Jul 2023 | Posted by: Suzy Hill

The closer you are to retirement, the more important your retirement planning becomes.

Can we still be paid £6 a week for working from home?

4th Jul 2023 | Posted by: Suzy Hill

During the COVID pandemic the government relaxed the conditions to enable those working from home to be paid £6 a week tax free by their employer, or, where that was not paid by the employer, they could claim relief for £6 a week against their employment income for a tax refund from HMRC.

MPs want answers on reason for HMRC helpline closure

20th Jun 2023 | Posted by: Suzy Hill

The Treasury Committee has asked HMRC to explain the rationale for closing the self assessment helpline for three months

HMRC extends deadline for voluntary NICs to April 2025

16th Jun 2023 | Posted by: Suzy Hill

HMRC has extended the voluntary national insurance contributions (NICs) deadline until 2025.

Are you claiming a tax refund for all your work expenses?

7th Jun 2023 | Posted by: Suzy Hill

HM Revenue & Customs (HMRC) is reminding employed workers that they can claim a refund on work-related expenses directly through GOV.UK.

Self-Assessment: Be alert to potential scams

9th May 2023 | Posted by: Suzy Hill

Self-Assessment customers, who are starting to think about their annual tax returns for the 2022 to 2023 tax year, should guard against being targeted by fraudsters, warns HMRC.

Managing inheritance tax

18th Apr 2023 | Posted by: Suzy Hill

Like many other taxes, inheritance tax (or IHT) allowances have been frozen. This sounds generous of the chancellor at a time when the government is strapped for cash. But it actually means that we are paying more.

Check your entitlement to the State Pension now

23rd Feb 2023 | Posted by: Suzy Hill

If you are planning to claim the UK state pension you should check your national insurance (NI) record before 5 April 2023. At present, voluntary contributions can be made to plug gaps back to April 2006, but this will be curtailed from April.

Employees need to check their tax codes for errors

17th Feb 2023 | Posted by: Suzy Hill

The majority of employers report errors with employee tax codes, while there can be long delays in resolving allocation of the wrong tax code at HMRC

Give the gift of Marriage Allowance on Valentine’s Day

13th Feb 2023 | Posted by: Suzy Hill

Married couples are being urged to consider giving the gift of Marriage Allowance to their husband, wife or civil partner this Valentine’s Day, and save up to £252 a year.

Pre-April tax planning

3rd Feb 2023 | Posted by: Suzy Hill

The new tax year starts 6 April 2023, so you have a couple of months to consider your tax planning options

Influencers and online sellers targeted by HMRC for unpaid tax

18th Jan 2023 | Posted by: Suzy Hill

In the latest wave of nudge letters, HMRC has sent letters to online sellers, influencers and content creators warning them that they have not paid enough tax

Government extends Mortgage Guarantee Scheme

10th Jan 2023 | Posted by: Suzy Hill

The Mortgage Guarantee Scheme will be extended by a year to the end of December 2023, helping people with 5% deposits on to the property ladder

Threshold freeze equivalent to 3.5% tax hike

29th Nov 2022 | Posted by: Suzy Hill

The government's freeze on income tax thresholds will see some workers' tax bills rise by the equivalent of a 3.5% hike in the headline rate of tax

HMRC warns of Self Assessment fraudsters

14th Oct 2022 | Posted by: Suzy Hill

Self assessment taxpayers who are thinking about their annual tax returns for the 2021/22 tax year should protect themselves from being targeted by criminals, HMRC has warned.

Thousands of complaints to HMRC over tax repayments

30th Sep 2022 | Posted by: Suzy Hill

HMRC has received thousands of complaints from individuals in regard to companies claiming tax repayments on their behalf.

Prime Minister ‘considering scrapping sugar tax on soft drinks’

16th Sep 2022 | Posted by: Suzy Hill

Prime Minister Liz Truss is reportedly considering scrapping the sugar tax on soft drinks to help ease the cost-of-living crisis.

Your long-term financial stability

13th Sep 2022 | Posted by: Suzy Hill

With the economic chaos just now, this may seem a strange time to be thinking about financial stability

How does a new Prime Minister affect you?

12th Sep 2022 | Posted by: Suzy Hill

The reality for many small businesses and households has taken a turn for the worse recently as prices continue to surge, particularly energy. So, what’s on offer from the new Prime Minister?

HMRC issues warning to contractors about the use of umbrella companies

5th Sep 2022 | Posted by: Suzy Hill

“Umbrella” companies are often set up by employment agencies to supply workers to end user clients

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