Personal Tax

Latest news

Image for greece set lure pensioners 7 income tax

Tax | Greece set to lure pensioners with 7% income tax

Greece is looking to woo foreign pensioners – including British retirees – by introducing a single tax rate of 7% for those shifting their tax residence to live in the country

24 Jul 2020

Tax

Personal Tax

Image for hmrc seeks views tackling disguised remuneration tax avoidance

Tax | HMRC seeks views on tackling disguised remuneration tax avoidance

HMRC has opened a wide-ranging call for evidence on the continuing use of disguised remuneration (DR) tax avoidance schemes, seeking views on its approach, any variations which are not covered by existing legislation, and suggestions for further action

24 Jul 2020

Tax | One week to tax credits renewal deadline

HMRC is warning taxpayers who claim tax credits they have just one week left to tell HMRC about changes to their circumstances or income before the renewal deadline on 31 July, or risk incorrect payments

24 Jul 2020

Tax | Finance Bill 2020-21: changes to working time requirements for Enterprise Management Incentives

Finance Bill 2020-21 includes amendments to ensure that individuals will keep the tax advantages of the enterprise management incentives (EMI scheme) if they have either been furloughed or had their working hours reduced below the current statutory working time requirement for EMIs because of coronavirus

23 Jul 2020

Tax | Q&A: inheritance tax on a deed of variation

In our regular Q&A series from Croner Taxwise, tax consultant, David Woolley explores the inheritance tax implications of applying a deed of variation

21 Jul 2020

Tax | World’s millionaires offer extra tax for Covid-19

Over 80 millionaires from around the world, including British film director Richard Curtis, have signed a pledge asking to pay more tax, as their contribution to fund the economic recovery from coronavirus

17 Jul 2020

Tax | Fat tax on table to tackle holiday hunger

In the wake of the campaign for free school meals during the summer holidays, RSM’s Chris Etherington looks at what other options are on the menu to tackle childhood hunger

15 Jul 2020

Tax | Chancellor urged to go further with Covid-19 support

Early reaction to the Chancellor’s summer update of measures to combat the economic challenges posed by Covid-19 has been largely positive, although there has been surprise at the lack of support for some badly affected sectors such as retail and aviation

8 Jul 2020

Leadership & Management

Image for summer statement chancellor offers job funding vat cuts and eat out discounts

Tax | Summer Statement: Chancellor offers job funding, VAT cuts and eat out discounts

Just four months after his first Budget, Chancellor Rishi Sunak has unveiled a summer economic update designed to mitigate the impact of the Covid-19 pandemic, with a commitment to encouraging job creation through a government ‘plan for jobs’ and stimulus for consumer spending

8 Jul 2020

Leadership & Management

Image for chancellors plans reset economy post covid

Tax | Chancellor’s plans to reset economy post-Covid

Chancellor Rishi Sunak is to deliver a ‘summer economic update’ tomorrow, 8 July, outlining the government’s plans to support the economy through the first phase of recovery from the coronavirus crisis, with likely options including temporary tax cuts, funding for green projects, and job creation schemes

7 Jul 2020

Tax | HMRC shifts guidance on public access to national treasures

Covid-19 has prevented access to land and property of significant national value, but HMRC is granting owners leeway over its tax incentive scheme, say Withers’ Charlie Tee and Louise Williamson

6 Jul 2020

Tax | Hidden tax risks of raiding the pension pot

Extracting cash from your pension might seem an obvious source of income during the Covid-19 crisis, but complex tax rules mean it should only be a last resort, says LEBC Group’s Kay Ingram

2 Jul 2020

Tax | HMRC tax credits renewal ‘glitch’ warning

Tax credit claimants urged to check their renewal figures and tell HMRC if any changes need to be made by 31 July, or risk receiving too much or too little credits which will be clawed back through possible penalties

1 Jul 2020

Tax | IHT and CGT in spotlight as deficit leaps

The growing budget deficit is concentrating minds on radical reforms to inheritance tax, which now appear more attractive in the current climate, say Judith Millar and Alastair Collett of BDB Pitmans

30 Jun 2020

Tax | Call for carbon taxes to offset Covid-19 costs

The Treasury should make more use of carbon taxes and consider other changes in tax policy in order to support efforts to reduce greenhouse gas emissions and bolster public finances, according to the Committee on Climate Change (CCC)

25 Jun 2020