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Personal Tax

Autumn Budget 2018 for Contractors – IR35 explained

5th November 2018 | Written by In Accountancy | Categories : Contractors, Limited Companies, News, Pensions and Payroll, Personal Tax, Tax Advice
Tagged in: IR35,
Autumn Budget 2018 for Contractors – IR35 explained

The Autumn Budget 2018 announced that changes to off payroll working in the private sector would not be introduced before 2019/20 tax year, and even then would only apply to large and medium sized businesses. We have had questions from
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Contractors Almost £1,000 better off in the 2018 Budget

5th November 2018 | Written by In Accountancy | Categories : Contractors, Limited Companies, News, Personal Tax, Tax Advice
Tagged in: HMRC, IR35, Personal Tax, Tax,
Contractors Almost £1,000 better off in the 2018 Budget

The changes introduced in the 2018 Autumn Budget mean that many contractors could be almost £1,000 better off under the new tax rules. We have had many queries from our contractor client about what the Autumn 2018 Budget really means
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AUTUMN 2018 BUDGET OVERVIEW

30th October 2018 | Written by In Accountancy | Categories : Client News, News, Personal Tax, Tax Advice
AUTUMN 2018 BUDGET OVERVIEW

Autumn Budget 2018 – for “Strivers, Grafters and Carers” Budgets, as we all know, take place on Wednesdays. After the excitement of Prime Minister’s Questions, the Deputy Speaker calls ‘the Chancellor of the Exchequer’ and he – so far we
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Deliberate Tax Defaulters – HMRC publishes updated list

15th October 2018 | Written by In Accountancy | Categories : Personal Tax, Tax Advice
Deliberate Tax Defaulters – HMRC publishes updated list

HMRC has published an updated list of deliberate tax defaulters. The list of deliberate tax defaulters includes details of taxpayers who have incurred a penalty because they have either: deliberately provided one or more inaccurate documents to HMRC deliberately failed
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‘No Deal’ Brexit Guidance and Small Business Survey

12th October 2018 | Written by In Accountancy | Categories : News, Personal Tax
‘No Deal’ Brexit Guidance and Small Business Survey

Following the issue of some ‘no deal’ Brexit technical notices, in August, the government has issued further notices with the aim of helping both businesses and individuals to prepare in the event of a UK-EU agreement not being realised. The
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Class 2 National Insurance for the Self Employed 2019

10th October 2018 | Written by In Accountancy | Categories : Personal Tax
Class 2 National Insurance for the Self Employed 2019

The government has decided not to proceed with plans to abolish Class 2 National Insurance Contributions from April 2019. Class 2 National Insurance Contributions (NICs) are currently paid at a rate of £2.95 per week by self-employed individuals with profits of £6,205
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Paper Self Assessment Tax Return deadline approaching

8th October 2018 | Written by In Accountancy | Categories : Personal Tax
Paper Self Assessment Tax Return deadline approaching

For those individuals who have previously submitted paper self assessment tax returns the deadline for the 2017/18 return is 31 October 2018. Paper self assessment returns submitted after that date must be submitted electronically or they will incur a minimum
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Requirement to Correct – 30 September Deadline Fast Approaching

21st September 2018 | Written by In Accountancy | Categories : Personal Tax
Requirement to Correct – 30 September Deadline Fast Approaching

If you have received taxable overseas income, in any form, be sure not to miss the fast approaching Requirement to Correct deadline of 30 September 2018 In recent months, many taxpayers – and agents acting for private clients – will have
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HMRC Warning: Time to Declare Offshore Assets

20th September 2018 | Written by In Accountancy | Categories : News, Personal Tax
HMRC Warning: Time to Declare Offshore Assets

HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force. HMRC is urging UK taxpayers to come forward and declare any foreign income
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Stamp Duty Cut: 121,500 Households Save £284 million

17th September 2018 | Written by In Accountancy | Categories : News, Personal Tax
Stamp Duty Cut: 121,500 Households Save £284 million

According to the latest statistics 121,500 first-time buyers have saved a total of £284,000,000 following the introduction of a relief for first-time buyers under the Stamp Duty Land Tax rules which apply in England and Northern Ireland. Over the next
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Government announces that Class 2 NIC will not be abolished

14th September 2018 | Written by In Accountancy | Categories : Client News, Personal Tax
Government announces that Class 2 NIC will not be abolished

The government has announced that Class 2 National Insurance contributions (NIC) will not be abolished in the current parliament. It had been due to be abolished in April 2019. Class 2 NIC is payable on self-employed profits, currently at the
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Aviva Tax Vouchers delayed further

12th September 2018 | Written by In Accountancy | Categories : News, Pensions and Payroll, Personal Tax
Aviva Tax Vouchers delayed further

Aviva have announced further delays with the production of consolidated tax vouchers on their platform. Due to a technical issue pensions provider Aviva announced last week that they are still unable to run their automated process for clients’ consolidated tax vouchers which
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