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Personal Tax

Scottish Budget

25th February 2020 | Written by In Accountancy | Categories : News, Personal Tax
Scottish Budget

Minister for Public Finance and Digital Economy, Kate Forbes, delivered the 2020/21 Scottish Draft Budget on Thursday 6 February 2020, setting out the Scottish Government’s financial and tax plans. The current Scottish income tax rates and bands for 2019/20 and
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Tax Relief On Professional Fees And Subscriptions

16th February 2020 | Written by In Accountancy | Categories : News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: HMRC, tax relief,
Tax Relief On Professional Fees And Subscriptions

Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations. The costs are tax deductible generally where the individual must have membership to do their job or it is helpful
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A Decade Of Bizarre Excuses And Expense Claims

13th February 2020 | Written by In Accountancy | Categories : News, Personal Tax
A Decade Of Bizarre Excuses And Expense Claims

Vengeful witches and pet hamsters feature in HMRC’s list of imaginative excuses and expense claims, which has been published in the run up to the self assessment deadline. HMRC has compiled a list of the weirdest unsuccessful excuses from the
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And it’s a wrap… we survived 31st January intact!

3rd February 2020 | Written by In Accountancy | Categories : News, Personal Tax, Team News
Tagged in:
And it’s a wrap… we survived 31st January intact!

And it’s a wrap… we survived 31st January intact! So January is always a rather busy month in the wonderful world of tax accounting, and with our amazing tax manager Kathryn having left us on 1 January for maternity leave, it really could have been chaos!


Current List of Deliberate Tax Defaulters

25th January 2020 | Written by In Accountancy | Categories : Client News, Personal Tax
Tagged in: HMRC, tax defaulters,
Current List of Deliberate Tax Defaulters

HMRC publishes details of deliberate tax defaulters, those people who have received penalties either for:

deliberate errors in their tax returns or
deliberately failing to comply with their tax obligations.


Call For Review Of High Income Child Benefit Charge

20th January 2020 | Written by In Accountancy | Categories : Client News, Personal Tax
Tagged in: child benefit,
Call For Review Of High Income Child Benefit Charge

The Low Incomes Tax Reform Group (LITRG) is calling on the government to address issues with the High Income Child Benefit Charge (HICBC).


Self-Assessment Deadline Approaching

9th January 2020 | Written by In Accountancy | Categories : Personal Tax, Tax Advice
Self-Assessment Deadline Approaching

The deadline for submitting your 2018/19 self-assessment return is 31 January 2020.


Landlord tax relief – changes coming from April 2020

11th December 2019 | Written by In Accountancy | Categories : Personal Tax, Tax Advice
Tagged in: landlords, Property,
Landlord tax relief – changes coming from April 2020

Landlord tax relief – changes are coming! If you are a landlord with a buy to let residential property, and are considering selling, then read on as timing is everything. A day’s difference on completion could result in an unexpected
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Christa Ackroyd Loses IR35 Appeal

7th November 2019 | Written by In Accountancy | Categories : Contractors, News, Personal Tax, Tax Advice
Tagged in: HMRC, IR35, taxation rules,
Christa Ackroyd Loses IR35 Appeal

Former BBC presenter Christa Ackroyd has lost her appeal against a ruling that she was an employee, not a freelance contractor, when she worked for the BBC via a personal service company.


HMRC Countdown: File Your Tax Return

6th November 2019 | Written by In Accountancy | Categories : Client News, Pensions and Payroll, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
HMRC Countdown: File Your Tax Return

With less than 100 days until the self assessment tax return deadline of 31 January 2020, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. HMRC report that last year more
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What is Profit and how do I calculate it??

18th October 2019 | Written by In Accountancy | Categories : Limited Companies, Personal Tax
Tagged in: Tax, Turnover,
What is Profit and how do I calculate it??

What exactly is profit and why does it matter? Or what’s the difference between net and gross profit and all the other related terms we hear? If this is a question you’ve ever asked or been asked, then hopefully the
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Self-Assessment Deadlines

11th September 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Tax Advice
Self-Assessment Deadlines

Two self assessment deadlines are approaching: 5th October 2019 For those individuals who have not previously completed a tax return but need to report a liability for 2018/19. 31st October 2019 For those individuals who have previously submitted ‘paper’ self
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