More workers than ever are finding themselves getting close to or exceeding the higher rate tax bracket, recent figures have revealed. In this blog, we are going to share nine essential tips employees can use to keep themselves out of the higher rate tax bracket and take home more of what they earn. Flat rate […]
As the furlough scheme comes to an end, HM Revenue & Customs (HMRC) is carrying out a rising number of tax investigations, aiming to tackle tax evasions in full force.
According to the UK’s largest mortgage lender, Halifax, house prices in the UK hit a significant record during August but the yearly growth pace in property values slowed.
HM Revenue & Customs (HMRC) has reminded parents that they may be eligible for Tax-Free Childcare ahead of the new academic year. The tax authority said thousands of families may be missing out on thousands of pounds in tax relief every year. If you are a working parent, here’s what you need to know. What […]
Tax-related scams have almost doubled in the past 12 months, HM Revenue & Customs (HMRC) has revealed. The tax authority said the coronavirus pandemic has created a perfect environment for criminals to operate in. According to the most recent figures available, HMRC received more than one million referrals from the public about “suspicious contact” in […]
New guidance will help homeowners understand the implications of capital gains tax (CGT) when selling UK residential property, it has been revealed.
The Office for Tax Simplification (OTS) will explore whether there is a case for moving the UK’s tax year end date. Announcing the review, the office, which provides independent advice to HM Revenue & Customs (HMRC), suggests that aligning the tax year end with the financial year end could reduce financial and administrative burdens for […]
Taxpayers are being urged to set up personal accounts to monitor their affairs.
Millions of taxpayers in the UK could face earlier tax payments as part of the Government’s 10-year strategy to build a “trusted, modern tax administration system”.