Home News Personal Tax

Personal Tax

Student Loan repayment to start at £25k

The level at which students begin to pay back their loans has been lowered from £27,295 to £25,000

Read More

HMRC advisory fuel rates for company car users from 1 March (2)

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2022

Read More

Make super deduction permanent to boost investment, says CBI

Introducing a new permanent investment deduction to succeed the government's super deduction could boost UK business investment by up to £40 billion a year

Read More

Real wages fall as pay lags behind inflation

Wage growth in the UK struggled to keep up with increasing inflation between October and December 2021

Read More

Almost 100,000 customers spread the cost of their tax bill

Almost 100,000 Self Assessment customers have used online payment plans to spread the cost of their tax bill into manageable monthly instalments since April 2021

Read More

HMRC raises late payment interest rate to 3%

Following the increase in the base rate, HMRC has confirmed that the late payment interest rate will rise a quarter of a percent from 21 February

Read More

MPs call for road pricing to replace motoring taxes

The ban on the sale of new diesel and petrol vehicles by 2030 will create huge pressure on the government to come up with an alternative to raise billions in tax revenue

Read More

£350 government support to help with rising energy bills

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 More

Personal tax planning ahead of April 2022

Recent changes mean that it will be more important than ever to ensure that you are not paying too much tax

Read More

Changes expected to work from home tax relief

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 More

Don’t miss out on up to £2,000 towards childcare costs

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 More

Millionaires call for wealth taxes

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 More

HMRC to increase use of debt collection companies

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 More

Tax loophole on second homes closed

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 More

1.25m to be pulled into 40% tax bracket

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 More

Probate fee increases to take effect in three weeks

Probate application fees in England and Wales will increase to £273 for both professional and personal applications

Read More

HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures

HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one month

Read More

31k tax returns filed over Christmas

Between Christmas Eve and Boxing Day HMRC saw 31,271 self-assessment tax returns for 2020-21 submitted

Read More

FCA to introduce new consumer duty

The Financial Conduct Authority (FCA) is set to introduce a new consumer duty to better protect users of financial services.

Read More

HMRC raises late payment interest rate to 2.75%

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 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