THP Blog
Football agent scores massive own goal
Posted by Jon Pryse-Jones on August 24, 2018
HMRC have been quick to publicise their victory in a recent tax case that resulted in well-known former football agent, Jerome Anderson, facing a £1.2m tax bill.
Read more
Working from home? Here’s how to do it….
Posted by Jon Pryse-Jones on August 17, 2018
The proportion of people working from home is on the rise, but many people contemplating this option are puzzled by the tax consequences and in particular, Capital Gains Tax.
Read more
These days the taxman is less likely to raid your property – but is it good news?
Posted by Ben Locker on August 15, 2018
According to law firm Pinsent Masons, HMRC property raids have dropped by 30% due to the taxman developing more effective and less expensive methods of gathering evidence. In other words, if your tax affairs aren’t in order, you’re much more likely to be discovered and investigated.
Read more
Undeclared offshore assets? Better watch out!
Posted by Jon Pryse-Jones on August 10, 2018
HMRC is urging UK taxpayers to declare any foreign income or profits on offshore assets before 30 September to avoid higher tax penalties, as Common Reporting Standard (CRS) will significantly enhance the ability to detect offshore non-compliance.
Read more
Your Tax credit claim – are you sure it’s right?
Posted by Jon Pryse-Jones on July 30, 2018
Many tax credit applications have been made incorrectly and as a result, claimants are at risk of missing out on hundreds of pounds from their tax credits due to accidentally reporting their income incorrectly.
Read more
31 July – Tax Credits claim deadline
Posted by Jon Pryse-Jones on July 27, 2018
Around a million people still need to renew their tax credits, ahead of the 31 July deadline. If you have claimed working tax credit and/or child tax credit at any time during the 2017/2018 tax year, you need to renew or your payments could be stopped.
Read more
Got undeclared money offshore? You may need to act now to avoid huge penalties.
Posted by Jon Pryse-Jones on July 16, 2018
If you have had overseas assets or income in the past, you may want to spend at least some of your summer making sure those affairs are in order.
Read more
Unmarried couples to receive tax breaks?
Posted by Jon Pryse-Jones on July 5, 2018
A new ruling from the Supreme Court may see changes to tax breaks for unmarried couples. A recent case may set precedence into whether unmarried couples receive the same tax benefits as married couples or those in same-sex civil partnerships.
Read more
HMRC tackles its own fraudsters!
Posted by Jon Pryse-Jones on June 4, 2018
There has been an endless growth in illegal sites associated with HMRC, with the scammers creating websites that look similar to HMRC’s official site with the call numbers being at an extortionate costs. However, HMRC has found a way to tackle these fraudsters saving the public £2.4m from these phone scams.
Read more
How to rent a room at home tax free!
Posted by Jon Pryse-Jones on May 30, 2018
Since April 2016, the amount of tax-free income you can earn from letting out furnished accommodation in your home has increased to £7,500 per annum or £3,750 if two persons own a property jointly. Here we look at how the rent a room scheme works and the tax rules.
Read more
