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Personal Tax

Employment Status rules lack clarity

At the end of July, the government finally got around to publishing its response to the 2018 consultation on employment status.

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Back to school – childcare vouchers or tax-free childcare account?

Tax-free childcare accounts will gradually replace childcare voucher schemes as no new schemes could be set up after 4 October 2018

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Student loan interest rates slashed for second time

Student loan interest rates in England and Wales are set to be cut for a second time to protect borrowers

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Capital gains tax receipts hit record £14.3bn

Official data has revealed that HMRC took a record £14 billion in capital gains tax (CGT) in the 2020/21 financial year.

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Government launches new fraud squad

The government has launched a new 'fraud squad' to identify fraud committed against the public purse.

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Couples reminded to claim Marriage Allowance

At the height of the wedding season, HMRC is reminding married couples and people in civil partnerships to sign up for the marriage allowance tax break

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Parents of babies requiring neonatal care to receive paid leave

Thousands of parents whose babies require specialist care after birth will be able to take additional paid time off work, under new legislation backed by the government.

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HMRC getting heavy on R&D claims

HMRC have started writing letters to some companies that have been making claims for Research and Development (R&D) relief suggesting that they may be fraudulent.

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Overseas owners can register property from 1 August

Companies House has confirmed that the Register of Overseas Entities will open for registrations for property owners based overseas from 1 August 2022

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Second payment on account tax due 31 July

Individuals who fill in a self-assessment tax returns and owe more than £1,000 in tax need to pay their latest instalment by 31 July

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33,600 tax credits claimants use HMRC app to renew

A record 33,600 tax credit claimants have used the HMRC app to renew their tax credits claim so far this year

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Get help with summer holiday childcare costs

HM Revenue and Customs (HMRC) is reminding thousands of parents and families not to miss out on financial support that can help pay for childcare during the summer holidays.

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Saving inheritance tax on the family home

The threat of a large inheritance tax (IHT) bill means that it is more important than ever to ensure that tax planning is up to date when it comes to the family home.

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National Insurance threshold change from 6 July

HMRC has updated the guidance on changes to the National Insurance threshold due to come into effect from July

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Lasting Power of Attorney revamped

UK Ministers have set out plans to transform the lasting power of attorney (LPA) system – making it quicker to use, easier to access and even more secure from fraud.

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More support for energy customers

In a bid to tackle the cost of living crisis, the Chancellor has announced a £15bn package of support with one-off payments for pensioners and lowest income earners, and doubled the £200 energy bill support

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Pension regulator running spot checks on UK employers

Employers suspected of failing to meet their workplace pensions duties are being targeted with spot check inspections by the Pensions Regulator (TPR)

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New law to protect access to cash announced in Queen’s Speech

New laws to protect access to cash and help victims of financial scams were announced in the Queen's Speech at the state opening of parliament on 10 May.

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HMRC raises interest rates on late tax

Following the increase in the Bank of England base rate to 1% last week, HMRC has confirmed that it will raise interest rates on late tax bills by 0.25%

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Bank of England warns UK economy to shrink as interest rates rise

The Bank of England has warned that the UK economy will shrink this year as it raised interest rates to try to stem the pace of rising prices.

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