Newly cohabiting couples, where at least one of the partners is a parent, have been warned by a leading insurer to be aware of a new tax charge, if either earns more than £50,000 a year. NFU Mutual has said that cohabiting couples need to be aware of the High Income Child Benefit Tax Charge, … Continue reading
New figures released by HM Revenue & Customs (HMRC) have revealed that it handed back more than £54 million to people who had overpaid tax on pension withdrawals in the last three months alone. The latest quarterly data for 1 July 2019 to 30 September 2019 is the highest figure since pension freedoms were introduced … Continue reading
With less than six months left until the introduction of the IR35 regulations in the private sector, HM Revenue & Customs (HMRC) has finally released additional guidance to help clarify this complex area of taxation. From 6 April 2020, the off-payroll rules (IR35) are going to be extended across the private sector bringing large and … Continue reading
With the UK currently set to leave the EU by the end of January 2020, anyone who owns a Spanish holiday home needs to be prepared for the impact of Brexit on taxation. Spanish tax law makes specific provision for EU/EEA residents that benefits people living in member states over others from outside the EU … Continue reading
With the projected growth of electric car ownership in coming years, the Government is offering grants to support businesses who introduce charging infrastructure at their place of work. Provided by the Office of Low Emission Vehicles (OLEV), the Workplace Charging Scheme (WCS) is a voucher-based grant that offers support to companies with the up-front costs … Continue reading
Fewer than 100 days now remain until the 31 January 2020 deadline for the online submission of Self-Assessment Tax Returns. Self-Assessment Tax Returns must be completed in respect of most income that has not been subject to PAYE. This includes the following groups: Self-employed individuals Sole traders Partners Individuals in receipt of rental income Individuals … Continue reading