HMRC Personal Tax Account and your State Pension
There are many benefits to setting up your Personal Tax Account (PTA) and in particular, the ability to check your State Pension position. You can set up your PTA using…
Blog Posts
HMRC collects record amounts of IHT
The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax (IHT) during the 2018/19 tax year. The increase comes on the back of a…
VAT domestic reverse charge for building and construction services delayed
HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse charge represents part of a government clamp-down on…
Tax efficient investments ahead of the tax year end
With the end of the tax year looming there is still time to save tax for 2018/19. Make full use of your ISA allowance – ISAs can offer a useful…
Making Tax Digital for VAT – deadline approaches
Making Tax Digital for VAT has been set up by HMRC to make calculating and submitting VAT returns quicker, easier and more transparent. HMRC estimate that in 2016-17, there was…
Households with landlines should be vigilant
Over recent years HMRC has increasingly cracked down on email and SMS phishing, a number of criminals are turning to cold-calling publicly available phone numbers to steal money from taxpayers….
Scottish income tax bands confirmed for 2019/20
The Scottish Parliament has confirmed the income tax bands that will apply to Scottish taxpayers for 2019/20. The bands confirm the announcement made in the Draft Scottish Budget last December….
Inheritance Tax Review by Office of Tax Simplification
The Office of Tax Simplification (OTS) has published the first of two reports on inheritance tax. The first report sets out an explanation of the issues and complexities of IHT,…
Tax-free gifts to employees
Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A…
Committee warns small businesses ‘could pay heavy price’ for MTD
The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV). The Committee stated that HMRC has ‘failed to adequately support…
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