Employer Rates & Threshold for 2018-19 Tax Year

Employer Rates & Threshold for 2018-19 Tax Year

With the new tax year fast approaching, HMRC have released the new thresholds for the 2018-19 tax year.  We are going to split the various areas into their own sections.    Tax Thresholds, Rates and Codes  The amount of Income Tax you deduct from your employees...
Inheritance Tax Limits – Do you Know Them?

Inheritance Tax Limits – Do you Know Them?

Confusion about the operation of inheritance tax (IHT) is growing, with over two thirds of those liable not knowing the threshold for the standard nil rate band of £325,000, according to a survey by Canada Life   The insurer found that among adults over the age...
Tax-Free Childcare Opens To Children Under Nine

Tax-Free Childcare Opens To Children Under Nine

HMRC has opened its tax-free childcare scheme to parents who have children under the age of nine, with the scheme opening to all remaining eligible families on 14 February, after full rollout was delayed due to the service experiencing IT difficulties   Tax-free...

Warning of Fake HMRC VAT Email Scam

Cyber criminals have been targeting UK taxpayers with fake VAT return messages claiming to come from HMRC which, when opened, could infect PCs with a Trojan virus and allow them to take over the victim’s computer, according to information security specialists...