News Tag Results for "Income Tax"

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1735
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Jointly Held Property Tax Savings

Jointly Held Property Tax Savings With the threshold for 40% tax reducing every year (£35,000 after deducting allowances for 2011/12), it makes sense to review who pays the higher rates o... more


38
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Autumn Budget 2018 - Personal allowance and income tax threshold

The personal allowance for 2019/20 is set at £12,500 (£11,850 in 2018/19) The basic rate limit will be increased to £37,500 (£34,500 in 2018-19). As a result, the hi... more


1703
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Autumn Statement Tax Summary

Autumn Statement Tax Summary   George Osborne did not have great tidings to impart when he presented his Autumn Statement to the House of Commons on 29 November 2011. The best he could... more


1601
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Avoid Property Trading Tax

Avoid Property Trading Tax Some people regularly purchase run-down houses, do them up and sell them on. If you do this as part of your building/property development business, the profits made o... more


1743
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Budget Update - Individuals

Budget Update - Individuals   Personal Allowances These allowances represent the amount of an individual's income in the tax year that is not subject to income tax. Some people... more


4986
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Budget Update - Savings and Investments

Budget Update - Savings and Investments   Enterprise Investment Scheme Income tax relief for investors is to be proposed to be enhanced as follows: Rate of income tax relief: 2... more


1389
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Child Benefit Clawback

Child Benefit Clawback If your net taxable income last year was £50,000 or more you will shortly receive a letter from the Tax Office about child benefit. You can safely bin this message ... more

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1830
Views

Confessing to Tax Fraud

Confessing to Tax Fraud   The Taxman is currently writing to taxpayers who are suspected of tax fraud, asking them to make a full disclosure of their wrong-doing under the contractual ... more


76
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Consultation on the taxation of trusts

As announced at Autumn Budget 2017, the government will publish a consultation on the taxation on trusts, to make the taxation of trusts simpler, fairer and more transparent.


84
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Digital Services Tax

From April 2020, the government will introduce a new 2% tax on the revenues of certain digital businesses which derive value from their UK users. The tax will: * apply to revenues generated fr... more


27
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Ending enhanced capital allowances for energy and water efficient plant and machinery

Ending enhanced capital allowances for energy and water efficient plant and machinery The lists of energy efficient and environmentally beneficial technologies and products which are eligible for... more


1323
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Expenses and Benefits Reporting

Expenses and Benefits Reporting The deadline for submitting the annual returns of expenses and benefits (forms P11D and P9D) to HMRC is 6 July 2013. The form P11D (P9D for those paid less ... more


1450
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Higher Penalties for Late Returns

Higher Penalties for Late Returns   This month, we have a warning. Please spread the word as HMRC mean business! Your personal self-assessment tax return for the tax year to 5 Apr... more

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1404
Views

HMRC on the Hunt Again

HMRC on the Hunt Again HMRC has run a number of campaigns designed to encourage certain classes of taxpayer to declare their untaxed income. In the past we have seen campaigns aimed at med... more


1804
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HMRC to use Automatic Search Programmes

HMRC to use Automatic Search Programmes!   The Taxman has announced he is going to start targeting tax evasion by online traders, private tutors, personal trainers and life coaches. ... more