Getting the details right

As self assessment tax returns for 2018/19 will soon be on the agenda, there are some key developments to keep in mind. Here, we explore these in greater detail. Directors’ tax returns The question of whether HMRC has been right to require all company directors to file a self assessment tax return has prompted debate … Read more Getting the details right

Reviewing your state pension

Earlier this year, a report suggested that half a million people could be paying ‘unnecessary’ tax on their state pension. The issue arises where someone carries on working beyond state pension age. At 65, state pension age is now the same for women as for men. It rises to 66 in October 2020 and is … Read more Reviewing your state pension

Business and Tax Round-up

HMRC introduces new system to tackle scam phone calls HMRC has introduced a new system designed to prevent criminals from spoofing government helpline phone numbers. According to HMRC, criminals often use ‘official’ helpline numbers to convince taxpayers to part with large sums of money. In 2018, HMRC received 104,774 reports of so-called ‘phone scams’ – … Read more Business and Tax Round-up

Business and Tax Round-up

Chancellor brings forward apprenticeships reforms in Spring Statement Chancellor Philip Hammond delivered the 2019 Spring Statement on Wednesday 13 March and brought forward the £700 million reforms for business apprenticeships previously announced in the 2018 Autumn Budget. Mr Hammond also announced that the halving of the Apprenticeship Levy co-investment rate from 10% to 5% takes … Read more Business and Tax Round-up