• Help to save scheme

    The Help to Save scheme for people on low incomes was officially launched in September 2018 and since then over 80,000 people have signed up. The scheme allows those in work entitled to Working Tax Credit and in receipt of Working Tax Credits or Child Tax Credits to save up to £50 a month for […]

  • Landlords under the red light for underpaid and undeclared tax

    There was a 51% rise in the number of landlords found to have underpaid or undeclared tax on letting income in 2018. A Freedom of Information request from Telegraph Money revealed the steep rise in residential landlords being pursued by HM Revenue and Customs (HMRC). HMRC’s Let Property campaign saw 8,704 property landlords investigated last […]

  • Company tax deductions for charitable donations

    There are special rules in place when a limited company gives to a charity. This can include Corporation Tax relief for qualifying donations made to registered charities or community amateur sports clubs (CASC), as well as Capital Allowances for giving away equipment that has been used by a company. However, the rules are different if […]

  • Statutory payment rates for the tax year 2019/20

    The following statutory payment rates have been confirmed: The standard weekly rates of Statutory Adoption Pay (SAP), Statutory Paternity Pay (SPP) and Statutory Shared Parental Pay (ShPP) will increase from £145.18 to £148.68 from 01 April 2019. The weekly rate of Statutory Sick Pay (SSP) will increase from £92.05 to £94.25 from 06 April 2019 […]

  • Cycle to work schemes

    There are special rules involving bicycles usually referred to as ‘Cycle to Work’ arrangements. The Cycle to Work scheme was introduced almost 20 years ago to help promote the use of healthy ways to commute to work using an environmentally friendly mode of transport. Employers of all sizes across the public, private and voluntary sectors […]

  • Lettings relief changes and other exemptions April 2020

    Two changes to the way Private Residence Relief works are due to come into effect from April 2020. These changes could reduce the amount of CGT relief available on the sale of a private residence. The changes are: 1.Home owners that let all or part of their house may not benefit from the full Private […]

  • Pension qualifying earnings band figures and minimum contributions for tax year 2019/20

    The Automatic Enrollment Order for 2019 has now been published. As expected, the earnings trigger has remained frozen for another year, which determines when an eligible worker is entitled to be automatically enrolled into a qualifying workplace pension scheme, at £10,000 from 6 April 2019. It also continues to align the qualifying earnings band with National Insurance […]

  • Tax Due by the end of this month

    The 31 January 2019 is not just the final date for submission of your self assessment tax return but also an important date for payment of tax due. This is the final payment deadline for any remaining tax due for the 2017-18 tax year. In addition, the 31 January 2019 is also the payment date […]

  • 7 Ways Self-Employed can prepare for 2019

    It’s that time of year when lots of people talk about personal New Year’s resolutions, but it’s also a great opportunity for you to reassess your business aims and objectives if you’re self-employed. We’ve put together a list of seven New Year’s resolutions for the self-employed – read on for what you should consider as […]

  • Autumn Budget – All you need to know as a Landlord

    Following announcements made during Phillip Hammond’s Autumn Budget, we’ve taken a look at the changes landlords could face across the UK – including adjustments to the income tax, personal allowance and higher rate thresholds. Chancellor Hammond opened the 2018 Autumn Budget with a confident prediction that it would “open a new chapter in our country’s […]