LATEST NEWS

Tax Rates & Threshold for 2019-20 Tax Year

Please find below the updated Thresholds and Rates for 2019/20 these come into effect from 6th April 2019Tax thresholds, rates and codesThe amount of Income Tax you deduct from your employees depends on their tax code and how much of their taxable income...

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Student Loan Repayment Threshold Increases by 2.9%

The government has increased the loan repayment thresholds for student loans by 2.9% and confirmed the introduction of a postgraduate loan system deductible from PAYE effective April 2019 The increase in Student Loan Plan 1 and Plan 2 thresholds will take effect from...

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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...

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Workplace Pension Increase in Contributions

Key points These minimum contribution amounts are required to gradually increase at set times The total minimum contribution increased from 2% to 5% of qualifying earnings on 6 April 2018, and rises again on 6 April 2019 to a total minimum amount of 8%. If the...

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