Insights

Personal Tax

first time buyers
November 16, 2022

First time buyers: time to act?


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The increased stamp duty relief for first time buyers has not been reversed by the new Chancellor, but it may not survive beyond the tax year. One of the few

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corporation tax
November 9, 2022

Dividends vs remuneration: the corporation tax quandary


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For owner-managed companies, bonuses, dividends and remuneration will become yet more complex in the new tax year. With the corporation tax increase and dividend rates now confirmed by the Government,

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October 26, 2022

Six-fold increase on late payment interest rates


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HMRC late payment interest rates have now been raised six times during 2022 – from 2.6% at the start of the year to a current rate of 4.25%. However, at

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Direct Debits for PAYE
October 25, 2022

Update to Direct Debits for PAYE


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HMRC have recently published in their August Employer Bulletin that direct debits for PAYE can now be set up to link to your RTI submissions, CIS, P11ds and amended prior

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HMRC
October 19, 2022

Getting in touch: HMRC’s new email facility


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Although there is no general facility to contact HMRC by email, it is slowly moving into the 21st century by providing the option to receive an email response. But of

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residence band relief
October 12, 2022

Confused on claiming residence band relief?


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Working through inheritance tax (IHT) requirements come at a difficult time. The provisions of the residence nil rate band (RNRB), which can be passed on between deceased spouses and civil

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Inheritance tax receipts
October 5, 2022

Inheritance tax receipts double in a decade


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New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13. Source: HMRC. Of all the various taxes levied in the UK, IHT is one of

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September 21, 2022

HMRC top-up payments for lower-paid employee pensions


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Employees who contribute to an occupational pension scheme under a net pay arrangement do not currently benefit from any tax relief if their earnings are below the personal allowance. This

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taxpayer records
September 14, 2022

Setting new taxpayer records


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New data from HMRC reveals there are now over six million people paying higher or additional rate tax in the UK. Source: HMRC. In recent years, the end of June

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Off-payroll working rules
September 7, 2022

Off-payroll working rules mistakes now penalised


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The private sector off-payroll working rules have been in place since April 2021, but for the first 12 months businesses have benefitted from HMRC’s relaxed stance on penalties.

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employment contract
September 5, 2022

Employment contracts, induction & training


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For anyone starting a new role in your company, first impressions matter. Last month we wrote a blog about recruitment in this competitive market. This month, we are focusing on

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HMRC withdraws the P11D PDF
August 24, 2022

HMRC withdraws the P11D PDF alternative


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HMRC withdraws the P11D PDF that businesses have been using to submit up to 150 P11Ds.

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