Insights

Personal Tax

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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60 percent income tax reappears
August 17, 2022

60 percent income tax reappears


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The high marginal tax rates created by phasing out the personal allowance are back in the news. 60 percent income tax reappears

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August 5, 2022

Missed online CGT Property returns must be filed


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HMRC has clarified that, with one exception, a CGT property return must be filed even if the disposal has already been reported on a self assessment return. The government introduced

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Tax implications of no fault divorce
July 27, 2022

Tax implications of no fault divorce


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No fault divorce became a reality in April. Although it brought no associated changes to the tax rules, divorcing couples should now be in a better position to focus on financial issues.

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latest developments in Making Tax Digital
July 20, 2022

Are you on top of the latest developments in Making Tax Digital?


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Staying on top of the latest developments in Making Tax Digital is important for all businesses.

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charitable giving pitfalls
July 13, 2022

Charitable giving pitfalls


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Many individuals donate to charity simply for altruistic reasons, but this doesn’t mean the tax benefit should be ignored. Donors need to watch out for any charitable giving pitfalls

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disposal of a private residence
July 12, 2022

Defining ‘period of ownership’ on disposal of a private residence


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The disposal of a private residence is exempt from capital gains tax (CGT) if used as a main residence throughout the period of ownership.

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