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Personal Tax

Threshold freeze equivalent to 3.5% tax hike

The government's freeze on income tax thresholds will see some workers' tax bills rise by the equivalent of a 3.5% hike in the headline rate of tax

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HMRC warns of Self Assessment fraudsters

Self assessment taxpayers who are thinking about their annual tax returns for the 2021/22 tax year should protect themselves from being targeted by criminals, HMRC has warned.

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Thousands of complaints to HMRC over tax repayments

HMRC has received thousands of complaints from individuals in regard to companies claiming tax repayments on their behalf.

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Prime Minister ‘considering scrapping sugar tax on soft drinks’

Prime Minister Liz Truss is reportedly considering scrapping the sugar tax on soft drinks to help ease the cost-of-living crisis.

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Your long-term financial stability

With the economic chaos just now, this may seem a strange time to be thinking about financial stability

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How does a new Prime Minister affect you?

The reality for many small businesses and households has taken a turn for the worse recently as prices continue to surge, particularly energy. So, what’s on offer from the new Prime Minister?

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HMRC issues warning to contractors about the use of umbrella companies

“Umbrella” companies are often set up by employment agencies to supply workers to end user clients

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Employment Status rules lack clarity

At the end of July, the government finally got around to publishing its response to the 2018 consultation on employment status.

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Back to school – childcare vouchers or tax-free childcare account?

Tax-free childcare accounts will gradually replace childcare voucher schemes as no new schemes could be set up after 4 October 2018

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Student loan interest rates slashed for second time

Student loan interest rates in England and Wales are set to be cut for a second time to protect borrowers

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Capital gains tax receipts hit record £14.3bn

Official data has revealed that HMRC took a record £14 billion in capital gains tax (CGT) in the 2020/21 financial year.

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Government launches new fraud squad

The government has launched a new 'fraud squad' to identify fraud committed against the public purse.

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Couples reminded to claim Marriage Allowance

At the height of the wedding season, HMRC is reminding married couples and people in civil partnerships to sign up for the marriage allowance tax break

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Parents of babies requiring neonatal care to receive paid leave

Thousands of parents whose babies require specialist care after birth will be able to take additional paid time off work, under new legislation backed by the government.

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HMRC getting heavy on R&D claims

HMRC have started writing letters to some companies that have been making claims for Research and Development (R&D) relief suggesting that they may be fraudulent.

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Overseas owners can register property from 1 August

Companies House has confirmed that the Register of Overseas Entities will open for registrations for property owners based overseas from 1 August 2022

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Second payment on account tax due 31 July

Individuals who fill in a self-assessment tax returns and owe more than £1,000 in tax need to pay their latest instalment by 31 July

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33,600 tax credits claimants use HMRC app to renew

A record 33,600 tax credit claimants have used the HMRC app to renew their tax credits claim so far this year

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Get help with summer holiday childcare costs

HM Revenue and Customs (HMRC) is reminding thousands of parents and families not to miss out on financial support that can help pay for childcare during the summer holidays.

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Saving inheritance tax on the family home

The threat of a large inheritance tax (IHT) bill means that it is more important than ever to ensure that tax planning is up to date when it comes to the family home.

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