News Tag Results for "Tax"

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812
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Abolition of the Tax return - HMRC go live with Verify identity authentication

Abolition of the Tax return - HMRC go live with Verify identity authentication Gov.uk Verify, the online service taxpayers will need to use to prove their identity before accessing HMRC's d... more


441
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All change for termination payments

All change for termination payments As confirmed in the 2017 Spring Budget, the tax rules governing termination payments will change from 6 April 2018. The term 'termination payment&... more

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1346
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CGT on Home Developments

CGT on Home Developments Your main home is exempt from capital gains tax when you sell it, but only if you bought the property with the intention of living in it on a permanent basis, not as a ... more


69
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Coronavirus - Tax

Coronavirus - Tax All businesses and self-employed people in financial difficulties and with outstanding tax obligations, may be eligible to receive support from HMRC through the Time To Pay ar... more

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1450
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IHT Relief on Business Assets

IHT Relief on Business Assets Inheritance tax (IHT) is payable at 40% on the net value of the assets you own when you die, plus (to a certain extent) on the value of the gifts you made in the s... more


453
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Office of Tax Simplification outlines future work plans

Office of Tax Simplification outlines future work plans The Office of Tax Simplification (OTS) has published a paper outlining its future works programme, identifying areas of interest that the... more

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572
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Q. My wife has a part time job but doesn't earn enough to pay tax. Can she get tax relief on contrib

Q. My wife has a part time job but doesn't earn enough to pay tax. Can she get tax relief on contributions made to a pension scheme?  A. Yes, even if you are not earning enough to... more

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2061
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Salary and Dividend Strategy 2014/15

Salary and Dividend Strategy 2014/15 As a director and shareholder of your own company you can decide how much salary to pay yourself each month in order to use your tax-free personal allo... more


1251
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Second Homes

Second Homes If you have more than one home, (properties actually used as your home) you can elect for one of those properties to be your tax-exempt main home. Once this election is made, it ca... more


1245
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Second Incomes

Second Incomes HMRC are reaching out to employees with second incomes; which could be anything from selling home-made items, to working as a self-employed consultant. All of the income and expe... more


1536
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Tax Nudge

Tax Nudge A "nudge" in this context is a piece of advice or an arrangement designed to encourage you to pick the option the Government wants to you to choose, such as contributing to ... more


1196
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Tax rates and the personal allowance

Tax rates and the personal allowance Although the personal allowance for 2016-17 was set at £10,800 by the first Finance Act 2015, it has now been confirmed that it will rise from its cur... more


540
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Taxable income - Switching to the cash basis

Taxable income - Switching to the cash basis  Many small, unincorporated businesses choose to use the 'cash basis' for working out taxable income. Under this method, participants w... more

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1225
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The future for intermediaries - IR35 - Onus may change to "engager" watch this space

The future for intermediaries - IR35 - Onus may change to "engager" watch this space The Summer Budget 2015 contained an announcement that the government is to consult on proposals to... more


1505
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What are payments on account?

What are payments on account? These are part payments for the next year. As, when it is due (31st Jan) it is ten months in to the next tax year, HMRC ask you to pay half of your expected b... more