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Personal Tax

Scottish government announces further delay to Air Departure Tax plans

The Scottish government has further delayed its plans to replace Air Passenger Duty (APD) with its own Air Departure Tax (ADT).

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Don’t pay voluntary ‘tax’ on employee pension contributions!

A simple employer/employee agreement can save unnecessary National Insurance Contributions, says Brearley & Co Tax Manager, Andrew Cowe.

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Businesses warned on winding up perils over unpaid tax

HMRC applied to shut down 4,160 businesses because they had fallen behind on their tax payments in 2018 with financial problems being exacerbated by a late payment culture

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Taxpayers fight back as number of tax tribunals surges

Disputes between HMRC and taxpayers are increasing as the tax authority makes greater use of data collected from banks and foreign tax authorities, and more cases head to tax tribunals

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Payslips mandatory for all workers from 6 April

Almost 300,000 workers who previously did not receive a payslip will now do so starting from this week, including those on casual and zero-hours contracts, as part of the government's Good Work Plan reforms

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Business groups react to ‘flexible extension’ of Article 50

Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have reacted to the six-month 'flexible' extension of Article 50

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Lifetime allowance for pensions increases to £1.05m

The standard lifetime allowance for pensions has increased by £25,000 in line with CPI inflation to £1,055,000 for the new tax year from 6 April

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Call for urgent six-month delay to loan charge

The loan charge all-party parliamentary group has written to Mel Stride, financial secretary to the Treasury, calling for him to suspend the loan charge for six months after a debate was abandoned yesterday following flooding in the House of Commons

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Half a million pensioners caught by ‘unnecessary’ tax

Around half a million people working past state pension age could be paying unnecessary tax on their state pension payments, according to analysis from Royal London

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2019/20 tax year: personal tax rate changes and allowances

A roundup of all the personal tax changes which come into force from the 2019/20 tax year including, an increase to the personal allowance and higher rate threshold, changes to residential inheritance tax and capital gains tax regime for non-UK residents

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Probate fee rise delayed as parliamentary time limited

The changes to probate fees have been delayed due to pressure on parliamentary time due to Brexit debates and motions

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Buy-to-let landlord campaign fails to fill £500m tax gap

Despite HMRC’s campaign to target underpayments of tax due on rental properties, less than 3% of estimated eligible landlords have used the let property disclosure facility

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Deadline approaching for year-end tax planning opportunities

The opportunity to maximise this year’s allowances for Pensions, ISAs, CGT, IHT and Income Tax will be gone after 5th April

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PAYE tax codes for 2019-20 confirm £12.5K personal allowance

HMRC has issued the latest PAYE tax codes for tax year 2019-20 effective 6 April highlighting the increase in the tax-free personal allowance to £12,500

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Auto Enrolment – increase in contributions

The minimum contributions that you and your employees pay into your workplace pension scheme are increasing again from 6 April 2019.

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Rise in probate fees to take effect despite opposition

Government plans to increase probate fees are set to go ahead despite considerable opposition.

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Saying ‘I do’ to Valentine’s tax benefits

As couples around the UK get ready for Valentine’s Day, for those wondering whether this is the moment to ‘pop the question’, the ICAEW says that while it may not be the most romantic reason to propose, getting married or entering a civil partnership could have tax benefits

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Now or never for your personal tax return!

The deadline for the filing of tax returns is a matter of days away, but if you act now you can still avoid being fined says Brearley & Co tax manager Andrew Cowe.

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HMRC warns 200,000 parents risk losing out on state pension

Over 200,000 parents are at risk of missing out on their future state pension in families where one parent does not work, due to childcare commitments, and the other is the higher household earner and claiming child benefit, HMRC has revealed

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Countdown for 5.5m outstanding tax returns

Around 5,542,000 taxpayers have less than a month to complete their self assessment tax returns before the 31 January deadline

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