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Personal Tax
Self-assessment tax returns: Counting down to 31 January
13th Nov 2024 | Posted by:HM Revenue and Customs (HMRC) have begun reminding taxpayers that time is ticking for getting self-assessment tax returns filed in time for the 31 January 2025 deadline.
Read MoreShould You Transfer Wealth Now to Avoid Inheritance Tax?
6th Sep 2024 | Posted by:Many wealthy individuals are apparently passing on substantial amounts of their wealth in anticipation of possible changes to inheritance tax (IHT) in Labour’s first Budget on 30 October. Should you consider doing the same?
Read MoreDo you need to register for self-assessment?
6th Sep 2024 | Posted by:HM Revenue and Customs (HMRC) have issued a press release debunking some common myths about whether or not someone needs to register to complete a self-assessment tax return.
Read MoreAutomatic PAYE refunds will no longer be issued
11th Jul 2024 | Posted by:HMRC has stopped posting out automatic cheques for tax refunds in the mail, forcing individual employees to register a claim online to ensure they receive repayment of PAYE
Read MoreDon’t lose out on Child Benefit available to children in further education
26th Jun 2024 | Posted by:Parents of children aged between 16 and 19 years of age and continuing their education or training after their GCSEs can extend the Child Benefit they receive.
Read MoreNew digital service to check your State Pension forecast launched
9th May 2024 | Posted by:A new digital service has been launched that makes it easier to check if you have any gaps in your National Insurance (NI) record that may affect your State Pension entitlement.
Read MoreHow can you save on capital gains tax?
9th May 2024 | Posted by:Over the last two years, the tax-free allowance for capital gains tax has been cut by over three-quarters. For the tax year that recently began on 6 April 2024, the Annual Exempt Amount has been reduced to £3,000 (£1,500 for trustees).
Read MoreHave you checked your tax code?
15th Apr 2024 | Posted by:Prior to the tax year starting each 6 April, HM Revenue and Customs (HMRC), will issue new tax codes to employees, usually where there is a change of tax code.
Read MoreFurnished Holiday Lets – what tax benefits will you lose?
22nd Mar 2024 | Posted by:If you run a holiday let, then you are likely well aware of the useful tax advantages that holiday lets have had for many years.
Read MoreMarch is top month for Marriage Allowance claims
5th Mar 2024 | Posted by:With the tax year ending on 5 April, March is a good month to check whether sharing unused tax allowances with your partner could save you some money.
Read MoreIncome Tax and selling online
29th Jan 2024 | Posted by:In recent weeks there has been a flurry of online activity discussing the new law that will require online marketplaces to report information about income made by their users to HMRC.
Read MoreWhat to do when frozen thresholds put you in a higher tax bracket
18th Jan 2024 | Posted by:The freeze on income tax thresholds and changes to dividend and CGT allowances will see millions dragged into higher rates of taxation, but there are ways for higher earners to reduce their tax bill.
Read MoreInheritance Tax Planning Tips
9th Nov 2023 | Posted by:With inheritance tax receipts to HMRC set to reach new levels this financial year, now more than ever are families needing to plan for their future.
Read MoreScams warning issued to 12 million self assessment taxpayers
23rd Oct 2023 | Posted by:Self assessment taxpayers must be on the lookout for scam texts, emails and phone calls from fraudsters, HMRC was warned.
Read MoreDo you have a side income?
23rd Oct 2023 | Posted by:If you do, then you are probably aware of the requirement to disclose this on your Self-Assessment tax return.
Read MoreHMRC tax error sees thousands overcharged on student loans
6th Oct 2023 | Posted by:An error in payroll software used by HMRC has caused thousands of individuals to overpay on their student loans.
Read MoreSunak to consider cutting inheritance tax
26th Sep 2023 | Posted by:The UK government is reportedly considering a cut to inheritance tax (IHT) ahead of the next general election, despite being forecast to raise around £7.2bn in 2023/24
Read MoreHow to reclaim emergency tax on pension drawdowns
25th Sep 2023 | Posted by:HMRC has issued guidance on how to claim back a refund in the current tax year on an overpayment of tax when a pension has been flexibly accessed.
Read MoreReminder to register for self assessment tax returns by 5 October
20th Sep 2023 | Posted by:HMRC is reminding anyone who is new to self assessment for the 2022 to 2023 tax year to register with HMRC by 5 October or face penalties
Read MoreChild Benefit - Tax Implications for High-Income Earners
15th Sep 2023 | Posted by:Parents and carers need to be aware that if either of the couple have ‘adjusted net income’ in excess of £50,000 then the one with the higher income will potentially be charged to tax on some or all of the child benefit and will need to request a self-assessment tax return
Read MoreHow can we help you?
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