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Personal Tax
£350 government support to help with rising energy bills
3rd Feb 2022 | Posted by:The Chancellor has set out a £9.1bn plan to support individuals with soaring energy costs including a discount on council tax and a loan to cover some of the price rise
Read MorePersonal tax planning ahead of April 2022
1st Feb 2022 | Posted by:Recent changes mean that it will be more important than ever to ensure that you are not paying too much tax
Read MoreChanges expected to work from home tax relief
31st Jan 2022 | Posted by:The government is reviewing the tax relief which allows employees to claim up to £125 a year if they work from home after it has cost the taxpayer £500m over the course of the pandemic
Read MoreDon’t miss out on up to £2,000 towards childcare costs
27th Jan 2022 | Posted by:Thousands of working families in the UK could be missing out on an opportunity to get up to £2,000 a year to help with the cost of childcare
Read MoreMillionaires call for wealth taxes
21st Jan 2022 | Posted by:Over 100 millionaires have called on governments worldwide to introduce permanent wealth taxes to reduce global inequality and raise revenue for countries to recover from the pandemic
Read MoreHMRC to increase use of debt collection companies
19th Jan 2022 | Posted by:The head of HMRC has told MPs that there are plans to increase its work with private sector debt collectors to tackle the UK’s current tax debt and improve its services in the long term
Read MoreTax loophole on second homes closed
17th Jan 2022 | Posted by:Owners of second homes who report them as holiday lets will now have to prove it in order to not pay council tax and access business rates relief
Read More1.25m to be pulled into 40% tax bracket
13th Jan 2022 | Posted by:The Treasury's decision to freeze income tax thresholds will drag over one million people into the higher rate tax band over the next four years, according to research
Read MoreProbate fee increases to take effect in three weeks
10th Jan 2022 | Posted by:Probate application fees in England and Wales will increase to £273 for both professional and personal applications
Read MoreHMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures
7th Jan 2022 | Posted by:HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one month
Read More31k tax returns filed over Christmas
5th Jan 2022 | Posted by:Between Christmas Eve and Boxing Day HMRC saw 31,271 self-assessment tax returns for 2020-21 submitted
Read MoreFCA to introduce new consumer duty
5th Jan 2022 | Posted by:The Financial Conduct Authority (FCA) is set to introduce a new consumer duty to better protect users of financial services.
Read MoreHMRC raises late payment interest rate to 2.75%
22nd Dec 2021 | Posted by:Following the increase in the base rate announced by the Bank of England, HMRC has confirmed changes to payment interest rates are due to come into force
Read MoreStatutory sick pay notifications temporarily changed
20th Dec 2021 | Posted by:The reporting requirements for statutory sick pay (SSP) have been changed temporarily due to the latest covid situation
Read MoreElectric vehicle grants cut to £1.5k for lower priced cars only
20th Dec 2021 | Posted by:The government has changed the grant scheme for zero-emission vehicles to remove more expensive models from the list, and pushing lower price electric cars as grant is cut by 40%
Read MoreBank of England raises base rate to 0.25%
17th Dec 2021 | Posted by:The Bank of England has raised the bank base rate for the first time in three years to 0.25%, despite concerns over omicron variant
Read MoreDon’t forget to declare COVID-19 grants on your tax return
15th Dec 2021 | Posted by:HM Revenue and Customs (HMRC) is reminding Self Assessment customers to declare any COVID-19 grant payments on their 2020/21 tax return.
Read MoreHigh Court rules Uber drivers must charge VAT
10th Dec 2021 | Posted by:Uber’s business model has been declared unlawful in London following a ruling in the High Court over whether VAT should be charged on fares
Read MoreSelf Assessment customers use monthly payment plans to pay £46 million in tax
9th Dec 2021 | Posted by:More than 20,000 Self Assessment customers have used HM Revenue and Customs (HMRC) online monthly payment plan service since April to spread the cost of their tax bill
Read MoreTax-dodging drivers expected to cost Treasury £119m
7th Dec 2021 | Posted by:The latest Department for Transport (DfT) figures show that 1.9% of vehicles in the UK are unlicensed and being used which amounts to £119m in potential lost car tax
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