Personal Tax

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Tax | Q&A: training costs and tax liability

In our regular Q&A series from Croner Taxwise, tax adviser Laura Burrows CTA looks at tax compliance issues when deducting training costs from employment income

11 Feb 2020

Tax | Consultation on plans for 10 freeports

The government is consulting on plans to create up to 10 freeports across the UK, with tariff flexibility, customs facilitations and tax measures designed to encourage global trade and attract inward investment post-Brexit

10 Feb 2020

Tax | IR35 rules for private sector will not be retrospective

IR35 contractors mid-way through a contract when the off-payroll working rules for the private sector come into force in April will only go on payroll from the new 2020-21 tax year, reports Sara White

7 Feb 2020

Tax | Threshold frozen for higher rate Scottish taxpayers

Scotland plans to raise the income tax threshold for basic and intermediate taxpayers in line with inflation from April 2020 but top earners will see the figures frozen

6 Feb 2020

Tax | Lords committee to investigate IR35 rule change

The House of Lords Finance Bill Sub-Committee has launched an inquiry into government plans to introduce off-payroll working rules for the private sector, with concerns about whether the impact has been fully assessed

5 Feb 2020

Tax | Wales to consult on social care tax

The Welsh government is to look more closely at the potential for introducing a tax increase to cover the rising costs of social care

5 Feb 2020

Tax | Class action over Alchemy avoidance scheme planned

A Midlands law firm is set to take a group action suit against a tax planning scheme which cost the taxpayer up to £110m in related cases

4 Feb 2020

Tax | Q&A: deferred state pension and tax liability

In our regular Q&A series from Croner Taxwise, tax adviser, Julian Payne explores the implications of income tax when drawing money from a deferred state pension

4 Feb 2020

Tax | 958,000 taxpayers miss self assessment deadline

A record 10.4m taxpayers filed their self assessment tax returns online by the 31 January deadline, but nearly a million returns are still outstanding

3 Feb 2020

Tax | IR35 activists plan demo outside parliament

Anti IR35 campaign group, Stop the Off-Payroll Tax, is planning a demonstration in Westminster later this month to lobby MPs to stop IR35 reform plans

3 Feb 2020

Tax | NICs threshold increases by £104 from April

Changes to national insurance contributions (NICs) will see the threshold rise by 10% in the new tax year with a maximum tax cut of £104

31 Jan 2020

Tax | Tax filing deadlines: Feb - Jun 2020

The key HMRC filing deadlines including payment of outstanding income and capital gains tax for 2018/19 personal tax returns and corporation tax fourth quarterly instalment payment

30 Jan 2020

Tax | Time to pay tax arrangements go online

HMRC has modernised time to pay arrangements for taxpayers who are unable to pay their bills allowing them to renegotiate everything online rather than talking to HMRC

29 Jan 2020

Tax | Q&A: penalties for late self assessment tax returns

In our regular Q&A series, Croner Taxwise tax advise consultant Roger Bradbury, explains HMRC’s position when a taxpayer misses the self assessment deadline and therefore falls foul of a late return penalty

28 Jan 2020

Tax | Jersey to drop husbands’ consent over wives’ tax

Next week will see Jersey’s States Assembly debate changes to the archaic law on married women’s taxation, with a view to ending the current arrangement whereby wives need their husband’s consent to file their own tax return

27 Jan 2020