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Personal Tax
One in five apprentices paid below national minimum wage
16th Jan 2020 | Posted by: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
Read MoreHMRC releases contractor factsheet on IR35 rules
14th Jan 2020 | Posted by: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
Read MoreGovernment launches review into off-payroll working rules
9th Jan 2020 | Posted by: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.
Read MoreTax rules on company mobile phones clarified
6th Jan 2020 | Posted by:HMRC has issued guidance on the tax rules for company mobile phones for employers
Read MoreLess than one month to January 31 Deadline
3rd Jan 2020 | Posted by:5.4 million taxpayers have less than a month to complete their Self Assessment tax returns before the 31 January deadline.
Read MoreSix Rembrandts donated to settle £150k IHT bill
23rd Dec 2019 | Posted by: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
Read MoreQueen’s Speech confirms audit reforms and rise in NIC threshold
19th Dec 2019 | Posted by: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
Read MoreHMRC faces 460k requests for income tax refunds
12th Dec 2019 | Posted by:Around 460,000 people chased HMRC for refunds on overpaid income tax in the year 2018/19, according to an FOI request by insurance company, Royal London
Read MoreOffshore fund investors warned to check tax reporting
5th Dec 2019 | Posted by:With two months to go before the 2018/19 self assessment tax return submission deadline, offshore fund investors need to check their tax reporting, before HMRC does, to avoid penalties
Read MoreHMRC revamps CEST off payroll working tool
3rd Dec 2019 | Posted by:With four months to go until the IR35 off payroll rules start to apply in the private sector, HMRC has published its first update to its controversial check employment status for tax (CEST) tool
Read MoreHMRC advisory fuel rates for company car users from 1 December
27th Nov 2019 | Posted by:HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 December 2019 cutting standard 1600cc minus mileage rates by 1p per mile to reflect lower fuel costs
Read MoreNumber of EIS approvals drops
21st Nov 2019 | Posted by:The number of approvals given for the funding of small businesses through the government's Enterprise Investment Scheme (EIS) has dropped, according to figures published by HMRC.
Read MoreHelp to Buy ISA closes on 30 November
20th Nov 2019 | Posted by:Time is running out to open a Help to Buy ISA which could add £3,000 to buyers’ first house deposits
Read MoreHMRC urges taxpayers affected by flood to get in touch
15th Nov 2019 | Posted by:Business owners affected by flooding should contact HMRC’s Business Payment Support Service (BPPS) for help with tax problems
Read MorePension scam victims ‘could lose 22 years of pension savings in 24 hours’
14th Nov 2019 | Posted by:Pension scam victims could lose 22 years of savings in 24 hours, according to the Pensions Regulator (TPR) and the Financial Conduct Authority (FCA).
Read MorePub and bar insolvencies jump 13%
13th Nov 2019 | Posted by:More pub and bar companies are going bust due to Brexit-driven cost rises exacerbated by teetotal millennials
Read MoreReal Living Wage rise boosts pay for thousands
12th Nov 2019 | Posted by:Over 210,000 UK workers are set to benefit after the Real Living Wage increased to £9.30 an hour.
Read MoreOTS calls for overhaul of Personal Tax Accounts
8th Nov 2019 | Posted by:The Office of Tax Simplification (OTS) has called for a revamp of HMRC's Personal Tax Accounts (PTAs) in order to make them easier to use for taxpayers.
Read MoreRise in savers withdrawing pension funds without advice
2nd Oct 2019 | Posted by:The introduction of pension freedoms has seen an escalation in savers entering into pension drawdown arrangements without professional advice, raising concerns that they risk running out of money to fund their retirement
Read MoreBank of England hints at interest rate cut
30th Sep 2019 | Posted by:The Bank of England (BoE) may cut interest rates in the near future if the uncertainty around Brexit continues, according to economist Michael Saunders, who is a member of the Monetary Policy Committee (MPC).
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