Spring Budget 2020 – Income Tax Rates & Allowances
As expected, it has been confirmed that the 2020-21 personal allowance will be maintained at £12,500 and the basic rate…
Guidance on Self Assessment, personal income tax, allowable expenses, filing deadlines and paying the right amount of tax.
As expected, it has been confirmed that the 2020-21 personal allowance will be maintained at £12,500 and the basic rate…
Calculating taxable profits using the cash basis, Under the cash basis, small businesses are taxed on the basis of the…
The Help to Save scheme can assist those on low incomes to boost their savings. The scheme was launched in…
Special rules apply to transfers of income streams. The rules make it clear that the sale of an income stream…
Savings income and dividends are taxed at the recipients' highest tax rate. The relevant legislation in ITA07/S16 sets out the…
The P9X form is used to notify employers of tax codes to use for employees. The form confirms expectations that…
If you are entitled to the marriage allowance and have not yet applied, you could receive a payment of up…
You made it and filed your self-assessment return for 2018/19 by the 31 January 2020. However, having felt pleased with…
Public finance minister Kate Forbes delivered her first Budget statement to the Scottish Parliament on 6 February 2020. This followed…
We would like to remind our readers that there is still time to use the annual exemption for Capital Gains…
Are you among the over 958,000 taxpayers that missed the 31 January 2020 filing deadline for 2018-19 Self-Assessment returns? If…
In tandem with the list for importing goods, HMRC has published a useful list to help businesses be prepared to…
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