Expanding your Income Tax bands
For the tax year 2016-17, most taxpayers are entitled to claim a tax-free personal allowance of £11,000 from their taxable income. The maximum income that
For the tax year 2016-17, most taxpayers are entitled to claim a tax-free personal allowance of £11,000 from their taxable income. The maximum income that
Many newly retired pensioners may not be aware that the State Pension they receive is taxable income. Also, the amount paid is not taxed at
According to new government research published recently shows that almost a quarter (24%) of small and medium-sized (SME) employers had more people working for them
There is a continuing misuse of emails and SMS messages that purport to be from HMRC asking questions about your tax and encouraging recipients to
The UK has one of the most detailed tax codes in the developed economies. Readers might be amused, bemused, that the so-called Office of Tax
Nearly seven out of ten attacks on all firms involved viruses, spyware or malware. Record £1.9bn government investment to protect UK but industry must act
Chancellor of the Exchequer, George Osborne hailed the international expansion of a UK-led deal to automatically share information on the ultimate owners of companies as
From 1 April 2016, buyers of residential property that is not to be their main residence in England, Wales and Northern Ireland, will be liable
Business Secretary, Sajid Javid, has announced plans to look into employment rules that could be stifling British entrepreneurship by preventing employees from starting up their
When you reach the State Retirement Age (SRA) you stop paying Class 1 NIC contributions if you are employed, and Class 2 contributions if you
Married couples and civil partners can gift each other assets and there will be no Inheritance Tax (IHT) charge on the lifetime gift as long
Our government have selected their top-ten tax changes that come into effect from 6 April 2016. Just in case you need a refresher they are:
Under new rules, initially announced in the 2015 Budget, farmers will be able to average their profits for Income Tax purposes from two years to
19 May 2016 – PAYE and NIC deductions due for month ended 5 May 2016. (If you pay your tax electronically the due date is
The UK will bring forward plans to introduce a criminal offence for corporations who fail to stop their staff facilitating tax evasion, the Prime Minister