1. DON’T BE LATE IN PAYING YOUR PERSONAL TAX BILL

    • 25 Jan 2019
    • By Philip Holdsworth

    Individual’s 2017/18 income tax, CGT, class 2 and 4 NIC liabilities should be paid by 31 January 2019. Note that if the balance is still unpaid at the end of February 2019 a 5% surcharge penalty […]

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  2. Christmas Is The Time For Giving

    • 10 Dec 2018
    • By Philip Holdsworth

    Those thinking about making gifts at Christmas should take advantage of the various inheritance tax (IHT) exemptions and reliefs available to them. Note that certain gifts can also have capital gains tax (CGT) implications. THE […]

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  3. Selling Your Home – Private Residence Relief Slashed

    • 27 Nov 2018
    • By David O’Donnell

    In two stealthy moves, the Chancellor used the 2018 Budget to raise some extra capital gains tax from certain individuals when they sell their home. Could this include you? Selling tax free As you probably […]

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  4. Penalties for Tax Return Errors Increase

    • 18 Oct 2018
    • By Philip Holdsworth

    HMRC has stepped up their hunt for extra revenue by increasing the number of penalties imposed on taxpayers for ‘deliberate’ errors on tax returns by 46% in the last 12 months up to 6,125 in […]

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  5. HMRC – Tax Free Childcare

    • 05 Oct 2018
    • By David O’Donnell

    Problems with HMRC’s new Tax-Free Childcare continue to crop up. You’re thinking of using the scheme, but you’re not sure whether it will leave you better off. How should you decide?  After long delays Tax-Free […]

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  6. P11D Deadline Approaching

    The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2018, are due for submission to HMRC by 6 July 2018. The process […]

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  7. The New Tax Year 2018/19

    The new tax year 2018/19 starts on 6 April 2018 and we outline below some of the changes to tax and business legislation. Reduction in the Dividend Allowance The Current Tax Free dividend allowance of […]

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  8. End of Tax Payments at the Post Office

    • 17 Oct 2017
    • By David Harper

    From 15 December 2017 the Post Office will no longer be able to accept payments to HM Revenue and Customs. HM Revenue and Customs are encouraging all payments to be made electronically as this is […]

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  9. HMRC Launches Simple Assessments

    • 28 Sep 2017
    • By David Harper

    HMRC have introduced Simple Assessments which will replace the requirement to complete a Self Assessment tax return for some individuals. These new assessments are aimed at reducing the number of individuals with simple tax affairs […]

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  10. Important Making Tax Digital Update

    • 13 Jul 2017
    • By Philip Holdsworth

    Three million of the smallest businesses and landlords will be able to move to the new digital system for keeping tax records at a pace that is right for them, Ministers announced today as they […]

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