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Personal Tax

New ‘Off payroll working’ rules (IR35)

19th Feb 2020 | Posted by: Suzy Hill

The IR35 rules were originally introduced in 2000, with the object of making sure that any individual hired for work via a personal service company, in circumstances which suggest an employer/employee type relationship, pays taxes at the same levels as “on the books” workers.

Tax changes see private landlord numbers slump

18th Feb 2020 | Posted by: Suzy Hill

Tax reforms are starting to have an impact on the property investment market, with the estimated number of landlords in the private rental sector falling to a seven-year low

Popping the question – marriage allowance

14th Feb 2020 | Posted by: Suzy Hill

Latest figures from HMRC show that two million taxpayers are not using the benefit, with only 1.8m signed up to the marriage allowance.

HMRC launches fewer dawn raids

14th Feb 2020 | Posted by: Suzy Hill

HMRC raided 1,082 homes and businesses last year as part of criminal investigations into tax evasion, numbers are falling as HMRC has access to more targeted information

HMRC announces off-payroll changes will not be applied retrospectively

11th Feb 2020 | Posted by: Suzy Hill

HMRC has announced that changes to the off-payroll rules will only apply to payments made for services provided on or after 6 April 2020.

Over 950,000 taxpayers miss self assessment deadline

5th Feb 2020 | Posted by: Suzy Hill

The number of taxpayers who missed the self assessment deadline rose to 958,296 this year, according to data published by HMRC.

NICs thresholds to rise 10% in April

31st Jan 2020 | Posted by: Suzy Hill

Changes to the National Insurance Contributions (NICs) threshold will see 31m individuals receive a tax cut in April

Time to pay tax arrangements go online

30th Jan 2020 | Posted by: Suzy Hill

HMRC has modernised time to pay arrangements for taxpayers who are unable to pay their bills allowing them to renegotiate everything online rather than talking to HMRC

Homeowners warned on ‘seismic’ shift in CGT rules

29th Jan 2020 | Posted by: Suzy Hill

New rules which are due to be introduced on 6 April this year mean those liable for CGT must send a new standalone online return to HMRC

Commemorative Brexit 50p coin revealed

28th Jan 2020 | Posted by: Suzy Hill

The Chancellor has revealed the Brexit coin, a 50p inscribed ‘Peace, prosperity and friendship with all nations’ and the date the UK leaves the EU

Witchcraft and hamsters amongst worst self assessment excuses

23rd Jan 2020 | Posted by: Suzy Hill

Vengeful witches and pet hamsters feature in HMRC's list of imaginative excuses and expense claims, which has been published

Government backs down on loan charge rules

22nd Jan 2020 | Posted by: Suzy Hill

The government has backed down on the original time frame for loan charge compliance giving taxpayers who signed up to schemes approved by HMRC before 2015 greater leniency

Government promises review of student loans repayment system

20th Jan 2020 | Posted by: Suzy Hill

The government has vowed to undertake a revamp of the current student loans repayment system.

One in five apprentices paid below national minimum wage

16th Jan 2020 | Posted by: Suzy Hill

Companies hiring apprentices are failing to pay the correct hourly rate with 19% of employers not following national minimum wage rules while the number of apprenticeships has dropped dramatically since the launch of the apprenticeship levy

HMRC releases contractor factsheet on IR35 rules

14th Jan 2020 | Posted by: Suzy Hill

HMRC has updated its guidance on the extension of existing off-payroll working rules (IR35) to the private sector, scheduled for April, with a new contractor factsheet setting out the changes

Government launches review into off-payroll working rules

9th Jan 2020 | Posted by: Suzy Hill

The government has launched a review into the new off-payroll working rules, known as IR35, that are due to come into effect on 6 April 2020.

Tax rules on company mobile phones clarified

6th Jan 2020 | Posted by: Suzy Hill

HMRC has issued guidance on the tax rules for company mobile phones for employers

Less than one month to January 31 Deadline

3rd Jan 2020 | Posted by: Suzy Hill

5.4 million taxpayers have less than a month to complete their Self Assessment tax returns before the 31 January deadline.

Six Rembrandts donated to settle £150k IHT bill

23rd Dec 2019 | Posted by: Suzy Hill

Six etchings by Dutch master Rembrandt have been given to the Ulster Museum in Belfast as a result of a deal over an outstanding tax bill

Queen’s Speech confirms audit reforms and rise in NIC threshold

19th Dec 2019 | Posted by: Suzy Hill

Plans to increase the threshold for national insurance, overhaul the audit regulator and hike research and development (R&D) tax relief and were confirmed in the Queen’s Speech

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