News

Starter checklist for PAYE

When hiring a new employee, employers must determine the appropriate tax code and starter declaration...

Check your State Pension age

HMRC’s 'Check your State Pension age' tool is available at www.gov.uk/state-pension-age/y. The online tool allows taxpayers...

Cash in Child Trust Funds

HMRC has issued a press release urging 18-22 year olds who have yet to claim...

Beware fake parking fine texts

The Driver and Vehicle Standards Agency (DVSA) is warning that scammers are sending text messages...

Setting up a Civil Partnership

Civil Partners enjoy the same tax and other advantages as married couples. To set up a...

Redundancy pay and tax

There is a tax-free limit of £30,000 for redundancy pay regardless of whether it is...

VAT group registration

There are special VAT rules that allow two or more companies or limited liability partnerships...

What is fiscal drag?

The freezing of tax thresholds often leads to a phenomenon known as fiscal drag. When...

Higher rate relief pension contributions

You can typically claim tax relief on private pension contributions up to 100% of your...

Current rates for Capital Gains Tax (CGT)

CGT is generally charged at a flat rate of 20% on most chargeable gains for...

Gifts and Inheritance Tax

Most gifts made during a person’s lifetime are not subject to tax at the time...

Business cashflow

The government offers the following information regarding business cashflow. If you do not have enough money...