Personal Tax

Latest news

Image for sage will provide free mtd income tax software says treasury

Tax | Sage will provide free MTD for income tax software, says Treasury

James Murray, Treasury minister responsible for HMRC has confirmed free Sage software will be available for Making Tax Digital for income tax, albeit a basic package

16 Jan 2025

Tax | Tips and pitfalls for GPs preparing to file tax returns

GP tax expert Katie Collin gives the lowdown on key issues to consider when completing annual 2023-24 tax returns, particularly for practice partners, locums and higher earning doctors

16 Jan 2025

Tax | How to soften the blow of pension pot inheritance tax

Tax planning is even more important now pension pots face up to 60% inheritance tax from 2027, explains Aysha Marley, director in the private client team at RSM

16 Jan 2025

Tax

Personal Tax

Tax Planning

Tax | Register for webinar on crypto tax compliance

16 Jan 2025

Tax

Personal Tax

Tax Compliance

Image for two weeks 44m people file tax returns warns hmrc

Tax | Two weeks for 4.4m people to file tax returns, warns HMRC

Nearly a third of taxpayers have not submitted their 2023-24 tax return with the deadline of 31 January fast approaching and worries people will make mistakes on higher rate child benefit

15 Jan 2025

Tax | Number of higher rate taxpayers up 43% in three years

Frozen tax thresholds mean over 3.2m people will have to pay more tax this year, with the majority being dragged into 40% tax bracket

14 Jan 2025

Tax | Register for bitesize webinars on tips for tax returns

The looming 31 January tax return deadline marks one of the busiest periods for accountants and tax advisors so don’t miss our handy bitesize webinars to help you through the tax season

9 Jan 2025

Tax

Personal Tax

Tax Compliance

Image for how avoid pitfalls when completing tax return

Tax | How to avoid pitfalls when completing a tax return

With only three weeks until the deadline for self assessment tax returns, Cheryl Sharp FCCA, CEO at Pink Pig Financial gives her top tips on how to make the process as stress free as possible

8 Jan 2025

Tax | Charity and trustee lose £420k appeal

The First Tier Tribunal has dismissed the appeal of a charity and a trustee against two income tax assessments equating to over £270,000 and two closure notices worth £150,000

7 Jan 2025

Tax

Personal Tax

Case Reports

Image for cpd module tax and farmhouse 0

Tax | CPD module: tax and the farmhouse

In this month’s exclusive free CPD module, we focus on changes to the taxation of farmhouses after recent Budget announcements

6 Jan 2025

Tax | Tax filing deadlines: Jan to Mar 2025

Deadline for filing self assessment tax returns for 2023–24 and CT61 returns for Q4 2024

6 Jan 2025

Tax | Over 90k people filed tax returns over Christmas break

HMRC statistics have shown that 92,800 people decided to spend their Christmas break completing their tax return

6 Jan 2025

Tax

Personal Tax

HMRC

Image for gifts charities wills increases ps21bn

Tax | Gifts to charities in wills increases to £2.1bn

Over 400 estates donated at least £1m to charities to avoid inheritance tax in 2024 with the total reaching the highest amount ever recorded

2 Jan 2025

Tax

Personal Tax

Tax Planning

Image for how navigate latest inheritance tax changes

Tax | How to navigate latest inheritance tax changes

Ian Dyall, head of estate planning at Evelyn Partners, looks at ways to deal with sweeping changes to IHT from business property relief to tax on pension pots

2 Jan 2025

Tax

Personal Tax

Tax Planning