Tax Archives | Page 2 of 3 | IN-Accountancy
Inaccountancy Stockport
0161 456 9666

Tax

Self-Assessment Deadline Approaching

14th January 2019 | Written by In Accountancy | Categories : Client Focus, HMRC, Personal Tax, Tax
Self-Assessment Deadline Approaching

The deadline for submitting your 2017/18 self-assessment return is 31 January 2019. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions (NIC), capital gains tax and High Income Child Benefit Charge liabilities. There is a penalty of £100 Read the full article…


Inheritance Tax Review by Office of Tax Simplification

29th December 2018 | Written by In Accountancy | Categories : HMRC, HMRC, Personal Tax, Tax
Inheritance Tax Review by Office of Tax Simplification

The Office of Tax Simplification (OTS) has published the first of two reports on inheritance tax. The first report sets out an explanation of the issues and complexities of IHT, gives an overview of concerns raised by the public and professional advisors during the review and then makes recommendations. This first report examines the administrative issues that people complain about Read the full article…


Phishing Tax Refund Email Targets University Students

27th December 2018 | Written by In Accountancy | Categories : HMRC, HMRC, News, Tax
Phishing Tax Refund Email Targets University Students

HMRC has warned that university students are being bombarded with fake tax refund emails. The scammers have targeted university students in an attempt to steal their banking and personal details using .ac.uk email addresses that look genuine, in order to avoid detection. Mel Stride, Financial Secretary to the Treasury said: ‘Although HMRC is cracking down hard on internet scams, criminals Read the full article…


180,500 New Homeowners Benefit From Stamp Duty Tax Relief

23rd December 2018 | Written by In Accountancy | Categories : HMRC, News, Tax
180,500 New Homeowners Benefit From Stamp Duty Tax Relief

According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief (FTBR). The relief introduced in November 2017 has saved eligible first-time buyers an estimated total amount of more than £426 million. Mel Stride MP, Financial Secretary to the Treasury, said: ‘These statistics show that the government was right to offer a helping Read the full article…


Stockport Accountants IN Accountancy are Recruiting

11th December 2018 | Written by In Accountancy | Categories : Accounts, Business, IN Team, Making Tax Digital, News, Personal Tax, Tax, Team News
Stockport Accountants IN Accountancy are Recruiting

Award winning Stockport Accountants IN Accountancy are looking for a  dynamic, forward thinking accountant with at least seven years’ experience in practice to join their growing team as an Accounts and Tax Senior. The firm has gone from strength to strength in it’s almost six years in business, having started as an additional service providing tax review and reclaim work Read the full article…


RBS Business Banking Switch Scheme

30th November 2018 | Written by In Accountancy | Categories : Accounts, Business, Limited Companies, News, Tax
RBS Business Banking Switch Scheme

If you are clients of RBS we now have more information in relation to the Business Banking Switch which will go live in late February 2019. Matthew Young, a long standing connection of ours from his RBS days, who is now with Yorkshire Bank came in to see us earlier this week and shared his insights and a great deal Read the full article…


IN Team Update

28th November 2018 | Written by In Accountancy | Categories : Accounts, Business, Contractors, IN Team, News, Personal Tax, Tax, Team News
IN Team Update

Those of you who have popped into the office or given us a call in the last couple of months may have noticed some new faces and voices amongst the team, so it’s probably about time we introduced them to you. Zoe, Theo and Olivia all joined at the end of the summer and have already made their mark as Read the full article…


Making Tax Digital – Pilot Update

27th November 2018 | Written by In Accountancy | Categories : Accounts, Business, HMRC, Limited Companies, Making Tax Digital, Making Tax Digital, News, Tax
Making Tax Digital – Pilot Update

Making Tax Digital for VAT (MTDfV) is still the hot topic of the moment (aside of course from Brexit madness!), and while there has been some speculation that, under the influence of the House of Lords, roll out of MTDfV may be delayed April 2020, other evidence suggests that this is highly unlikely. HMRC has now begun writing to businesses Read the full article…


HMRC Countdown: File Your Tax Return

17th November 2018 | Written by In Accountancy | Categories : Client Focus, HMRC, Personal Tax, Tax
HMRC Countdown: File Your Tax Return

With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. The deadline for submitting 2017/18 self assessment tax returns online is 31 January 2019. An automatic penalty of £100 applies if the return is late. HMRC Read the full article…


Personal Tax Changes – Allowance and Basic Rate Band Increases

16th November 2018 | Written by In Accountancy | Categories : Budget, Client Focus, HMRC, News, Personal Tax, Tax
Personal Tax Changes – Allowance and Basic Rate Band Increases

At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20. The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that the threshold at which the 40% band applies is £50,000 for those who are Read the full article…