Personal tax

Tax / Taxpayer rights under Human Rights Act explained

HMRC has issued factsheet CC/FS9 on the individual rights of taxpayers who are facing penalties for non-compliance with tax rules, focusing on article 6 of the European Convention on Human Rights

Tax / Late tax form returners risk daily charges

Anyone who has yet to submit their 2016/17 self-assessment tax return form is being urged to do so before the end of this month to avoid daily penalties of £10 accruing

Tax / Dividend versus bonus: tips and pitfalls for directors

Stephen Relf CTA FCA, lead tax writer at Croner-i, examines the pros and cons of dividend payments versus bonuses for owner managed businesses including the implications of cash flow, potential tax savings and profit extraction options

Tax / HMRC in pensions website advice blunder

HMRC has been forced to temporarily remove an online calculator which gave incorrect information about annual pension allowances, following complaints from Royal London

Tax / How to report expenses and benefits in kind

As the final quarter before the 6 July deadline for reporting expenses and benefits in kind for the tax year ending 5 April 2018 starts, HMRC has issued bulletin 71 setting out the key compliance requirements for employers in a bid to force all users to move online

Tax / Top ten tips: 2018/19 tax year reliefs

The new tax year only began on 6 April, but individuals should start planning for it now to ensure they do not miss out on valuable allowances that could save them thousands on allowances and tax reliefs

Tax / Top tips: reclaiming VAT on international business expenses

Brendon Silver, CEO of VAT IT, reveals the top tips for businesses to get the most out of their expenses, what to look out for and how to break out of a habit of simply putting off claiming back

Tax / New tax year brings additional complexity

Sharp increases in auto enrolment pension payments, new Scottish income tax rates and bands and increasing complexity over higher rate taxpayer child benefit payments are some of the changes coming into force today, at the start of the 2018/19 tax year

Tax / Q&A: pensions tax and tapered annual allowance

Croner Taxwise tax consultant Angela Robson examines the impact of the tapered annual allowance on pension savings and offers various options to deal with tax liabilities

Tax / FCA changes rules on pension transfer advice

The Financial Conduct Authority (FCA) has published new rules on pension transfer advice and is seeking views on additional changes, including adviser charging structures

Tax / Channel Islands treated as international for airline passenger duty

The rate of airline passenger duty (APD) on flights to the UK from the Isle of Man and Channel Islands has to be treated as international flights, HMRC has confirmed

Tax / Adjustments to UK tax reliefs for Scottish tax regime

With just over two weeks to go until Scotland’s devolved tax rates come into effect, HMRC has published a notice of how five UK tax reliefs will continue to work as they were intended when Scottish rate of income tax (SRIT) and bands change in April 2018

Tax / BBC to review presenters' PSC claims

BBC presenters have told MPs they felt ‘forced’ to set up personal service companies (PSCs) when offered regular work by the broadcaster, which has said it plans to set up a dispute resolution process to investigate whether it should pay employers National Insurance Contributions (NICs) on such arrangements

Tax / HMRC says charities missing out on £600m gift aid

HMRC is urging people to ensure they declare gift aid when giving money to charity, after its research found charities are losing out on extra funding worth nearly £600m a year because a third of eligible donations are overlooked

Tax / Child benefit changes may have hit pension entitlements

MPs are warning that the changes to child benefit and poor communication from HMRC may mean thousands of parents risk losing out on future pension entitlements, and are calling on the Treasury to provide more analysis of the numbers affected