THP Blog

Tax-free gains you can make in 2019-20
Posted by Jon Pryse-Jones on May 20, 2019

We highlight some of the tax-free gains you can make in 2019-20!

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tax free
Marriage Tax Allowance – Get a tax break worth up to £1150
Posted by Kevin Wheeler on May 3, 2019

About one million married couples are missing out on claiming up to £1150 from the tax man. Find out if you’re one of them……..

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marriage tax allowance
When do you have to pay your Capital Gains Tax?
Posted by Jon Pryse-Jones on April 15, 2019

Sold an asset that is subject to Capital Gains Tax (CGT)? Here we explain how to work out when you’ll need to pay the tax over to HMRC.

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capital gains tax
MTD moves a step closer for half a million businesses
Posted by Jon Pryse-Jones on October 26, 2018

On the 16th October HMRC announced that it was extending its pilot scheme of Making Tax Digital (MTD) to around half a million businesses. Find out if this includes your business and what you will need to do

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making tax digital
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.

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hmrc tax evasion
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.

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working from home
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.

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hmrc property raids
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.

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undeclared offshore assets
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.

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tax credit claim
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.

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tax credit deadline
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