HMRC has updated its Let Property Campaign Service, which allows landlords to disclose and settle any unpaid tax bills, to include information on how to make a disclosure on behalf of someone who has passed away HMRC’s Let Property Campaign is aimed at landlords who...

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...

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...

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...

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...

From January, individual taxpayers will not be able to use personal credit cards to settle tax bills with HMRC as a result of EU rules on recharging credit card fees From 13 January 2018 HMRC will not accept any personal credit card payments so taxpayers will have to...

A new scheme will be launched in 2018, by the Government to incentivise those on low incomes to build up their savings.   The Help to Save Scheme will be available to employed people who receive Working Tax Credits, and to those who receive Universal Credit with a...

The budget was delivered on Wednesday 22nd November 2017 with various rumours flying around from VAT Threshold Reduction and Stamp Duty reduction, freezing of various taxes.  We have taken all the points mentioned by Chancellor Philip Hammond on Wednesday and are...