Got a pension? HMRC may owe you £3000+ in overpaid tax
Posted by Karen Jones on August 1, 2022If you have taken money from your pension pot, there’s a chance that HMRC could owe you over £3,000 in overpaid tax.
Paying taxes early? Be careful!
Posted by Karen Jones on July 28, 2022HMRC slapped fines on one business owner for paying taxes early. A tribunal overturned the penalties, but it pays to be careful!
Tax refund scams are on the rise. Here’s how to avoid them…
Posted by Karen Jones on July 22, 2022Tax refund scams are on the rise… don’t get caught out, here we look at how to stop and avoid them…
Do you pay tax on tips? A brief guide
Posted by Karen Jones on July 21, 2022“Do you pay tax on tips?” It may be a simple question, but the answer is surprisingly complex. In this article we take a closer look.
MTD for VAT penalties and reporting requirements
Posted by Mark Ingle on July 18, 2022Since April 2022, all VAT registered businesses have had to comply with MTD for VAT. We look at the MTD for VAT penalties for non-compliance?
MTD for ITSA update
Posted by Jon Pryse-Jones on July 7, 2022MTD for ITSA will apply to sole trader businesses and individuals with income over £50,000 from April 2026.
Tax Rebate Companies in HMRC’s sights
Posted by Jon Pryse-Jones on June 23, 2022Tax rebate companies promise refunds – but often take a huge slice of what you’re owed. HMRC is now seeking views on repayment agents.
Gifts and Inheritance Tax: don’t fall foul of the rules!
Posted by Ian Henman on June 6, 2022Do you understand the complex rules governing gifts and Inheritance Tax? If not, HMRC could easily hit you with an unexpectedly high IHT bill.
Capital Allowances – Six things to know about
Posted by Liz Cordell on March 9, 2022One of the first things you should know about Capital Allowances is what you can claim on? We explain below what qualifies for Capital Allowances, along with some other things we think you should know.
Children aged under 18 and tax – a few key considerations
Posted by Jon Pryse-Jones on October 6, 2017Income tax and National Insurance As with adults, children aged under 18 can earn up to the tax free allowance in each tax year (£12,500 in 2020/21) and pay no income tax.
