Entrepreneurs’ relief allows you to pay capital gains tax at ten percent on gains made on the disposal of shares issued by your personal company, or assets used by that company
Interest from PPI claims
In all cases the interest portion of the PPI settlement must be declared
Claw-back of child benefit
The high income child benefit charge (HICBC) was introduced in January 2013 to claw back child benefit where the highest earner in the family has total net income of £50,000 or more.
Do check your state pension forecast
Do you know how much state pension you will receive when you retire? You can find this figure though your online personal tax account.
Termination payments
If an employment contract is terminated after 5 April 2018, the £30,000 tax-free cap on a payoff does not necessarily apply in full.
The tax exemption for homes to be clipped
When you sell your only or main home, you expect any gain you make to be free of CGT, but …
Tax cuts and cliff edges
There was good news for individual taxpayers in the Budget; the personal allowance will rise from £11,850 to £12,500 on 6 April 2019.
Do you have overseas income of gains?
HMRC is writing to taxpayers who may own assets overseas or have a source of offshore income. These assets could be anything from a Jersey bank account to an overseas holiday let, or more seriously trusts or companies registered overseas
PAYE income tax calculations
Every year HMRC reconciles taxpayers’ tax liabilities to the tax reported as paid for the individual via PAYE.
As a contractor did you have a loan ‘scheme’?
Contractors working through their own companies from 2000 onwards may have been told by their employment agency that it was tax efficient to accept payment for their services structured as a loan.
Have you received a pension lump sum?
If you have taken a lump sum from your pension fund you may have had excess tax deducted by the pension company, but you can reclaim it.
New rules for termination payments
Where an employee’s contract is terminated on or after 6 April 2018, the rules for working out how much of their pay-off is tax-free are quite different from what they have been.