Discovery assessments look set to be applied to the High-Income Benefit Charge under new legislation set out by the Government.
Nearly 100,000 taxpayers used HM Revenue & Customs’ (HMRC) Time to Pay self-serve facility to spread the cost of their 2020/21 tax bill, it has been revealed.
Workers can claim up to £2,000 a year towards childcare costs by signing up to the Tax-Free Childcare scheme, it has been reminded.
Under new rules set by the Government, the system of penalties for VAT and Income Tax Self-Assessment (ITSA) are changing. The new system of fines is aimed at tackling non-compliance by taxpayers who repeatedly fail to meet their obligations to provide returns and other information requested by HMRC. Those who make occasional and infrequent mistakes […]
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 […]
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.