Personal tax allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal tax allowance and basic rate band for 2019/20. The personal allowance is currently
Personal tax changes - allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal tax allowance and basic rate band for 2019/20. The personal allowance
For those individuals who have previously submitted ‘paper’ self assessment tax returns the deadline for the 2017/18 return is 31 October 2018. Self assessment tax returns submitted after that date must be
Latest employers guidance from HMRC HMRC has published the latest edition of the Employer Bulletin. This employers guidance for employers, and their agents, includes articles on: Reporting your payroll information accurately and
HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes
Stamp duty cut: 121,500 households save £284 million According to the latest statistics 121,500 first-time buyers have saved a total of £284,000,000 following the introduction of a relief for first-time buyers under
Making Tax Digital for VAT - software suppliers HMRC is working with more than 150 software suppliers who have said they will provide software for Making Tax Digital for VAT (MTDfV) in
Advisory fuel rate 2018/19 for company cars These are the suggested reimbursement rates for employees' private mileage using their company car from 1 June 2018. Where there has been a change the
Trust Taxation We are still awaiting the promised consultation on trust taxation announced in the Autumn 2017 Budget. However, in the meantime HMRC have updated their guidance on how different types of
What is the 2019 loan charge? This is a tax charge on any outstanding loans that exist as a result of a disguised remuneration tax avoidance scheme. It applies to any loans
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