Nimesh Shah, of accountancy firm Blick Rothenberg, said: “It might be a complete coincidence, but leaving in March 2020 just at the end of the old tax year, and coming back this year. That’s a beautiful period for tax purposes.” He said: “From my perspective, you wouldn’t advise it any better than that. It’s the
HMRC is urging anyone who receives a “simple assessment” letter in the coming weeks and months to check the details carefully and make sure any tax owed is paid by the deadline. The letters, known officially as PA302, are sent to people who have tax to pay on income that has not already been collected
Tax advisers affected by the latest phase of the new mandatory registration scheme have until November 18 to sign up with HMRC. Mansion tax and private jet levy to be introduced in Scotland HM Revenue and Customs (HMRC) has issued a new warning to tax advisers as the second phase of mandatory registration rules gets
Ricky Gervais has been with his partner Jane Fallon for 44 years and the comedian has now admitted he is considering finally getting married Ricky Gervais and Jane Fallon attend the National Television Awards back in 2022(Image: Dave J Hogan, Dave J. Hogan/Getty Images) Ricky Gervais has been with his partner Jane Fallon for 44
For years, there has been a debate about whether pension tax relief should be cut, altered or scrapped completely. Currently, if you pay into a pension, you get relief at whatever income tax rate you pay, so higher-rate payers get bigger tax relief. Some experts say that makes the system unfair and disproportionately rewards people who are already best placed to
Since the local elections in May, Wandsworth has been run by a minority Conservative administration, after the party regained control of a council it previously held for 44 years. Peter Graham, a Conservative councillor and cabinet member for finance, said: “Wandsworth’s financial crisis was made by Labour. The Government gave us the worst cash settlement
A claimant asked for help about paying the tax charge HMRC has clarified the rules around who has to pay a tax charge(Image: Getty) HMRC has issued guidance about a tax bill that DWP claimants have to pay if you cross a threshold. The tax authority warned in some cases you will “need to inform
Sarah Coles, of stockbroker AJ Bell, said: “People will be considering how to protect their estate from this much-hated tax, whether that’s by making gifts during their lifetime or bequeathing money to charity in their will.” Families have increasingly looked to charity donations as a way of reducing the size of their estates amid more
Families could save thousands of pounds in tax The payments must also form part of a regular pattern of giving(Image: shurkin_son via Getty Images) Millions of families could be missing a little-known tax loophole that allows them to hand money to children and grandchildren without it being swallowed up by the HMRC. Seven in ten
Inheritance tax is one of the UK’s most misunderstood taxes, with a maze of allowances, exemptions and reliefs that can make it difficult to work out exactly what you owe – or how to reduce the bill. Here, Sarah Coles, head of personal finance at AJ Bell, explains 13 inheritance tax rules and allowances that