Home News Personal Tax

Personal Tax

Working Tax Credit customers must report changes to working hours

HM Revenue and Customs (HMRC) is urging Working Tax Credit (WTC) customers to check if they need to update their working hours if these have reduced as a result of coronavirus.

Read More

COVID-19 sick pay rebate scheme to end on 30 September

The government's scheme that enables small businesses to recoup statutory sick pay costs caused by the coronavirus (COVID-19) will end at the end of September.

Read More

Inflation sees sharpest increase on record

Inflation rose to 3.2% last month from 2% in July – its largest ever recorded increase, according to the Office for National Statistics (ONS).

Read More

Companies House changes online payments to gov.uk service

Companies House has confirmed that it has changed its card payment provider which means anyone paying a bill will be directed to a gov.uk pay screen to make a payment on the online service

Read More

Apprenticeship levy transfer scheme launched

The government has launched a service to help businesses create more apprenticeship opportunities by creating a funding pot for the levy

Read More

1.25% tax hike to cover social care costs

The launch of a social care levy from 2022 will see all taxpayers facing a 1.25% tax charge under government plans, while dividend tax will also rise

Read More

Autumn Budget set for 27 October

The Chancellor has confirmed that government spending plans will be outlined at the Spending Review on 27 October alongside a second Budget

Read More

Thousands of teenagers missing out on Child Trust Fund cash

HM Revenue and Customs (HMRC) is urging young people to check if they have a hidden pot of gold – in the shape of a Child Trust Fund (CTF).

Read More

End of furlough set for 30 September

HMRC has updated the guidance covering the Coronavirus Job Retention Scheme (CJRS) to include a section on what happens when the scheme ends

Read More

HMRC help towards childcare costs this September

HMRC has issued a reminder to families that are eligible for tax-free childcare that they can use the scheme to help with their childcare costs as children go back to school

Read More

Contactless limit to increase to £100 from 15 October

The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, trade body UK Finance has confirmed.

Read More

HMRC advisory fuel rates for company car users from 1 September

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2021, increasing mileage rates by 1p or more for all petrol and diesel vehicles

Read More

Stamp duty holiday not behind house price rise

The stamp duty land tax (SDLT) holiday is not behind the 13.2% rise in house prices over the last 12 months, claims research by the Resolution Foundation

Read More

Taxpayers saved £30m inheritance tax bill by gifting

The most recent figures show that taxpayers saved £30m in inheritance tax (IHT) through gifting last year with many taking advantage of the £3,000 annual gift allowance

Read More

1.8 million couples claim marriage allowance

Nearly 1.8 million married couples and those in civil partnerships have signed up for the marriage allowance to save up to £252 a year in income tax

Read More

Employers ‘named and shamed’ for paying less than minimum wage

The government has named and shamed 191 employers who have underpaid workers, including major household names, as companies failed to pay £2.1m to over 34,000 workers due the national minimum wage

Read More

Beware unexpected tax liabilities on cryptocurrency investments

It is reputed that 1 in 10 people in the UK have now invested in cryptocurrency, to a greater or lesser degree. What many may not appreciate however, is that each and every transaction is relevant to their Capital Gains Tax (CGT) position.

Read More

Pension freedom age will rise to 57 for tax free withdrawals

The government has confirmed that it will proceed with plans to increase the normal minimum pension age (NMPA) from 55 to 57 years, marking the age they can access their pension pots tax free

Read More

One week left to renew for 300,000 tax credits customers

More than 300,000 tax credits customers have just over one week to renew their claims before the 31 July deadline, HM Revenue and Customs (HMRC) has warned

Read More

HMRC reveals drop in buy-to-let tax disclosures

Thousands of landlords have failed to come clean about the tax they owed to HMRC as 42% fewer property investors voluntarily disclosed unpaid tax to HMRC in the latest tax year

Read More

How can we help you?

Brearley & Co Accountants are pleased to offer a free, no obligation, initial consultation with one of our experts who will be happy to discuss your business needs and how we can help you.

Contact