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...

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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...

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End Of Personal Credit Card Payments To HMRC

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...

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New Help to Save Scheme Launched

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...

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