Personal tax

Tax / Q&A: inheritance tax for trustees selling assets

In our regular Q&A series from Croner Taxwise, David Woolley examines whether trustees pay inheritance tax on assets when closing accounts

Tax / Scammers target taxpayers with bogus demands

HMRC is warning taxpayers to be aware of fraudsters in the run up to the 31 January self assessment deadline from text messages to phone calls

Tax / Off-payroll working rules: checklist for private sector employers - part 2

Liability for income tax and national insurance contributions (NICs) for contractors will move to medium to large private sector employers from 1 April 2020 under an overhaul of IR35. Andrew Brookes, head of employer solutions at Menzies LLP, explains how to get ready for the rule change

Tax / Green Party to offer universal basic income

The current benefits systems would be replaced with universal basic income (UBI) for all, says the Green Party in their manifesto

Tax / Help to Buy ISAs close on 30 November

Time is running out to open a Help to Buy ISA which could add £3,000 to buyers’ first house deposits

Tax / NHS could pay doctors pension tax ahead of hectic winter

Doctors have been promised their tax bills for higher rate pension relief could be covered by the NHS in efforts to get them working overtime shifts

Tax / Wealth series: divorce and financial planning – part 2

Divorce is never easy but splitting the financial assets can be tough. Melanie Wotherspoon ACA, client development director at Rathbone Investment Management, provides tips and advice on how accountants can help clients facing divorce

Tax / HMRC urges taxpayers affected by flood to get in touch

Business owners affected by flooding should contact HMRC’s Business Payment Support Service (BPPS) for help with tax problems, while BEIS is offering help through business recovery grants

Tax / UK taxes highest since 1950s

Taxes are high by historical standards accounting for over a third of GDP at 34.4%, increasing almost 7% from the 1950s

Tax / Property rental tax compliance essentials

Emma Rawson, technical officer at the Association of Taxation Technicians (ATT) explores how the rent a room scheme and property income allowance affect rental income for residential landlords and property owners

Tax / Rising self employment erodes income tax take

The amount of income tax being paid is declining in every region of the UK as a growing proportion of the workforce becomes self employed

Tax / Q&A: LLP self assessment tax returns

In our weekly Q&A series from Croner Taxwise, tax consultant David Woolley explains the ins and outs of HMRC requirements when filing annual tax returns for a new limited liability partnership whose accounts straddle different tax years

Tax / UK voters want hike in tax for top earners

Both Labour and Conservative voters expect taxes to rise, and the majority feel that higher earners should make up the deficit

Tax / Pension tax pitfalls - lifetime and annual allowances

Staying on top of the pensions tax rules is an important part of managing a pension. But the provisions can be disconcertingly complex. Karen Goldschmidt, partner at LCP, unpicks some of the tax complexity surrounding the annual and lifetime allowances

Tax / Nunn: one size tax is not the answer for self employed

Attempts to reform tax reporting for the self employed and landlords need to be carefully thought through to avoid creating more complexity and red tape. Yvette Nunn CTA ATT MAAT, director of Berkeley Associates, assesses the latest OTS report