14 Feb 2020 | Gifts, HMRC, Personal finances, Tax Planning
New rules are coming into effect in 2020 meaning that all express trusts will need to be registered, whether or not they are liable to UK tax. Currently, you only have to register a trust if they have a relevant tax liability including, Income Tax, Capital Gains Tax,...08 May 2019 | Payroll, Personal finances
With the phasing out of the Childcare Voucher Scheme, the government has introduced a new Tax-Free Childcare Scheme.You should make your new employees aware of this as they can no longer join your existing Childcare Voucher Scheme. This scheme is also available to the...01 May 2019 | Personal finances, Tax Planning
The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which Child Benefit starts being clawed back and there has been no increase in that threshold since the High Income Child...09 Jan 2019 | Personal finances, Tax Planning
At this time of year, we think about New Year’s resolutions, and it’s also a good time to start planning your tax affairs before the end of the tax year on 5 April.Tax planning might not sound very exciting, but it can have a dramatic effect on your...03 Jan 2018 | Personal finances, Tax Planning
Due to two changes to HM Revenue & Customs’ (HMRC) Self Assessment criteria, many individuals now need to complete tax returns if they receive dividends or Child Benefit. Dividends Due to the abolition of the 10% tax credit on dividends and the introduction of the...