Personal Tax

Latest news

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Tax | Channel Islands treated as international for airline passenger duty

The rate of airline passenger duty (APD) on flights to the UK from the Isle of Man and Channel Islands has to be treated as international flights, HMRC has confirmed

23 Mar 2018

Tax | Adjustments to UK tax reliefs for Scottish tax regime

With just over two weeks to go until Scotland’s devolved tax rates come into effect, HMRC has published a notice of how five UK tax reliefs will continue to work as they were intended when Scottish rate of income tax (SRIT) and bands change in April 2018

21 Mar 2018

Tax | BBC to review presenters' PSC claims

BBC presenters have told MPs they felt ‘forced’ to set up personal service companies (PSCs) when offered regular work by the broadcaster, which has said it plans to set up a dispute resolution process to investigate whether it should pay employers National Insurance Contributions (NICs) on such arrangements

20 Mar 2018

Tax | HMRC says charities missing out on £600m gift aid

HMRC is urging people to ensure they declare gift aid when giving money to charity, after its research found charities are losing out on extra funding worth nearly £600m a year because a third of eligible donations are overlooked

19 Mar 2018

Tax | Child benefit changes may have hit pension entitlements

MPs are warning that the changes to child benefit and poor communication from HMRC may mean thousands of parents risk losing out on future pension entitlements, and are calling on the Treasury to provide more analysis of the numbers affected

16 Mar 2018

Tax | HMRC launches Making Tax Digital income tax pilot

HMRC has signalled it is extending its flagship Making Tax Digital initiative to include income tax reporting, by offering self employed individuals and their agents the opportunity to join a pilot for using software to keep business record digitally and send income tax updates to HMRC, instead of filing a self assessment tax return

15 Mar 2018

Tax | Surprise extension of childcare voucher scheme

Political pressure has seen the government backtrack on plans to abolish the salary sacrifice employer childcare voucher (CCV) scheme following the introduction of its new tax-free childcare option, and the vouchers will now be available for an additional six months, which some commentators suggest will cause confusion

15 Mar 2018

Tax | Khurana: will the Taylor Review change the tax status of employment?

Vaneeta Khurana, head of employment tax at Mazars, examines the government's plans to review employment status in response to the Taylor Review in a bid to address the challenges of the changing world of work, but warns of potential for further complexity over tax rules, particularly for off payroll working

15 Mar 2018

Tax | US taxman set to close offshore voluntary disclosure programme

The US Internal Revenue Service (IRS) plans to close the offshore voluntary disclosure program (OVDP) which allows US taxpayers to declare non-compliant offshore assets from 28 September

14 Mar 2018

Tax | Q&A: divorce and property taxes

Croner Taxwise tax adviser Suzanne Rowland examines divorce settlements and selling marital homes, considering tax liabilities and claims for private residence relief (PRR)

13 Mar 2018

Tax | Government to act over military personnel Scottish tax disadvantage

Defence Secretary Gavin Williamson has announced he is looking to counter the Scottish government’s income tax rise that affects thousands of Armed Forces personnel in Scotland, following the introduction of devolved tax rates

12 Mar 2018

Tax

Personal Tax

Tax Planning

Image for hmrc confirms soft approach penalties late trust registration

Tax | HMRC confirms soft approach to penalties for late trust registration

HMRC has written to the Society of Trust and Estate Practitioners (STEP) confirming that penalties for trusts that have not signed up to the Trust Registration Service (TRS) by the 5 March deadline will not be charged automatically but will instead be decided using a risk-based approach

8 Mar 2018

Tax | Tapered annual allowance guidance for DB pensions updated

HMRC has updated the pension guidance to clarify the calculation methods for the reduced tapered annual allowance for defined benefit pension and career average schemes for 2016-17 tax years onward

8 Mar 2018

Leadership & Management

Image for hmrc updates employee travel guide tax and expenses

Tax | HMRC updates employee travel guide on tax and expenses

HMRC has published the 2018 version of guide 490: Employee travel, explaining income tax and national insurance contributions (NICs) liabilities for business expenses

8 Mar 2018

Tax | Tax break for black cabs to go green from April

Black cab drivers are set to receive a tax incentive to replace their diesel cabs with electric taxis from April when a green tax break comes into effect

6 Mar 2018

Tax | HMRC chief sets out priorities and risks for tax authority

Jon Thompson, chief executive of HMRC, is leading a major transformational change programme at the tax authority. In his latest HMRC blog, he outlines the priorities and challenges of digital transformation, from the ambitious Making Tax Digital overhaul to personal tax accounts and the risk of Brexit overload

6 Mar 2018