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Increased drive for up-front payments of tax: to include Corporation Tax and CIS Tax?

The government announced at Autumn Budget 2017 that the current scope of the security deposit legislation will be extended to include corporation tax and Construction Industry Scheme (CIS) deductio...

Tax Advice

Tax Advice There’s no escaping it and with the government’s programme to increase the tax take, you need to make sure you aren’t paying more than you should. It could easily h...


Frequently Asked Questions Q. I have recently started a new job and, for the first time in my career, I have been provided with a company car. I have to pay for fuel for private use but my empl...

Repayment Claims for Tax on Interest

Repayment Claims for Tax on Interest   You may be able to claim a tax repayment from the Tax Office if your bank has deducted 20% tax from interest paid. If your tax-free allowance (up...

PAYE Refunds and Underpayments

PAYE Refunds and Underpayments   The Taxman has set his computer the task of recalculating the PAYE paid by many millions of people for the tax year 2010/11 and for the tax years 2003/...

State Pension: Is the state pension lump sum taxable?

State Pension: Is the state pension lump sum taxable? The lump sum is taxed as income. In simple terms, the rate of tax that applies to the lump sum will be the highest rate that applies to you...

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...

Gifting Assets or Shares

Gifting Assets or Shares If you plan to gift assets or shares to your relatives, there are several taxes you need to consider: Capital Gains Tax You won't make an actual profit or...

CGT (Capital Gains Tax) Payment within 30 days of the sale - coming for Property owners?

The Association of Taxation Technicians (ATT) is warning that owners of second homes and buy-to-let (BTL) landlords may face a much shorter period in which to pay any capital gains tax (CGT) due on...

Spring Budget 2017 - Individuals

Individuals Personal allowance and income tax threshold The personal allowance for 2017/18 is set at £11,500 (£11,000 in 2016-17), and the basic rate limit will be increased to ...

Spring Budget 2017 - Tax Free Childcare Account or Childcare Vouchers

Tax Free Childcare Account or Childcare Vouchers Parents with children in childcare have an important decision to make in 2017.  The Government will launch the new Tax Free Childcare Accou...

Spring Budget 2017 - Making Tax Digital for Business

Making Tax Digital for Business The provisions for the government's Making Tax Digital project will be legislated for in Finance Bill 2017. However, the mandatory start date for unincorpora...

Spring Budget 2017 - New tax allowance for property and trading income

New tax allowance for property and trading income Two new income tax allowances of £1,000 each, are to be introduced for trading and property income. These new allowances will take effect...

Whose Fault is Underpaid Tax?

Whose Fault is Underpaid Tax? Have you received a tax calculation (form P800) which shows you owe tax that you thought had been collected under PAYE? Every year the Tax Office undertakes a '...

Tax Efficient Life Cover

Tax Efficient Life Cover   Would you like to pay for your life cover in a more tax efficient manner? Then why not consider a Relevant Life policy!  Relevant Life Policies are ...
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