Do you know how much state pension you will receive when you retire? You can find this figure though your online personal tax account.
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.
When you sell your only or main home, you expect any gain you make to be free of CGT, but …
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.
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
Every year HMRC reconciles taxpayers’ tax liabilities to the tax reported as paid for the individual via PAYE.
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.
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.
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.
Trusts have been used as effective inheritance tax planning tools for generations. It is beneficial to consider the current landscape for using trusts and the available options that worthwhile considering for tax planning purposes.
An FIC can be used as an alternative to a family trust or individual ownership and is an effective consideration for inheritance tax planning purposes.
The definition of employee versus self-employed is an age old debate. How has the government and HMRC begun to respond to these changes?