Electric Cars – Update

Changes are being made to the way benefit in kind taxes are charged on electric cars with effect from April 2020 which will make company ownership of electric cars highly beneficial from a purely tax perspective. In short, a company can obtain 100% tax relief on the...

NHS Pensions ‘Tax Trap’

Following representations from a number of bodies, and as a result of a steep increase in waiting list times, the government has announced that it plans to review the pension rules which are causing a crisis in the NHS, just weeks after ruling out any discussions....

Self Assessment – July 2019 Payments on Account

Second payments on account for the year ended 5 April 2019 are due to be paid to HMRC by 31 July 2019. Unfortunately, due to a glitch in the HMRC statements system, you may not receive a demand from HMRC for the payment.  HMRC had a similar problem in 2018, but we...

High Income Child Benefit Tax Charge

The High Income Child Benefit Tax Charge (“HICB”) has been around since January 2013, and most families are aware of its existence. However, there are still aspects of the HICB about which affected families must take notice.  And we still find people who are totally...

Residential Landlords – Important Tax Update: Action needed now

If you own residential property that you let out to tenants, it is important that you take note of forthcoming changes in taxation. These major changes due to come into force in April 2020 will have a serious impact on the amount of tax you will have to pay if you are...

Happy New Tax Year!!

So, no sooner have we got everyone’s tax returns in for the 2017/18 tax year, the new year is upon us! We can now start submitting your tax returns for the 2018/2019 tax year, and there is no time like the present to get this done. Here are the benefits of early...