Watch Out For HMRC Cold Caller Scam, Warns LITRG

The Low Incomes Tax Reform Group (LITRG) is warning taxpayers about a scam by fraudsters who leave automated messages purporting to be HMRC and saying the person is under investigation for unpaid taxes In the latest ruse, scammers are cold calling people and leaving...

Rejected Excuses For Late Self Assessment

Since 31 January, HMRC has released the latest list of rejected excuses for late filing for Self Assessment. HMRC does this every year, and this year certainly did not disappoint! • I couldn’t file my return on time as my wife has been seeing aliens and won’t let me...

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?

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 of 45...