Personal Tax

Latest news

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Tax | Non doms face inheritance tax charges

Non doms will see a harsh tax environment from next year with Labour plans to clamp down on the ‘outdated’ tax advantage and overhaul their inheritance tax liability

30 Jul 2024

Tax | Tax clampdown on private equity investors gets greenlight

Private equity investors face an overhaul of their favourable tax status on carried interest as the Chancellor promises ‘decisive action’ to close a perceived loophole

29 Jul 2024

Tax

Personal Tax

Consultations

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Tax | ‘Chilling’ decision to abolish winter fuel payment

In a surprise move, described as ‘chilling’ by one MP, the Chancellor has announced plans to abolish the winter fuel payment for all but the poorest pensioners

29 Jul 2024

Tax

Personal Tax

Politics

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Tax | Pension annual allowance: how to avoid a tax inquiry

A hugely complex pension tax regime creates a minefield of compliance issues. Danielle Ford, partner at haysmacintyre explains what to do to avoid triggering additional tax charges under annual allowance rules

29 Jul 2024

Tax | National insurance cuts do not dent £195bn personal tax bill

Despite two cuts in national insurance this year, income tax take is on the rise, with PAYE income tax and NICs up £2.5bn in first three months of the tax year

19 Jul 2024

Tax | HMRC clarifies CIS payment deduction statement

In future, HMRC helplines will no longer deal with requests for payment deduction statements (PDS) for the Construction Industry Scheme

18 Jul 2024

Tax | Taxpayer must disclose all offshore bank details to HMRC

A director has been given some leeway at a tax tribunal after judge ruled that HMRC could not ‘conduct an on-the-spot enquiry’

18 Jul 2024

Tax | Two weeks until payments on account tax deadline

As the deadline for payments on account looms, Stevie Heafford, tax partner at HW Fisher, explains what self employed taxpayers need to do

17 Jul 2024

Tax | Over 500k taxpayers caught by 60% tax trap

More than half a million UK taxpayers caught in 60% tax trap, up nearly a quarter in last year as frozen thresholds bite

15 Jul 2024

Tax

Personal Tax

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Tax | Automatic PAYE refunds will no longer be issued

HMRC has stopped posting out automatic cheques for tax refunds in the mail, forcing individual employees to register a claim online to ensure they receive repayment of PAYE

11 Jul 2024