Personal Tax

Latest news

Image for salary sacrifice how electric cars benefit employers and staff

Tax | Salary sacrifice: how electric cars benefit employers and staff

Salary sacrifice schemes can benefit employers and employees, and reduce scope 3 emissions for business, explains Jack Tanner, head of new business at Volkswagen Financial Services Fleet

9 Jan 2024

Tax

Employment Tax

Personal Tax

Image for late filing penalties waived postmasters awaiting top ups

Tax | Late filing penalties waived for postmasters awaiting top-ups

Postmasters in the Horizon Shortfall Scheme (HSS) who do not receive top-up payments in time to file their tax return will not have to pay late filing or late payment penalties, and interest

9 Jan 2024

Tax | Tax tips when donating culturally significant assets

Vanina Wittenburg, senior associate at Hunters Law LLP, considers the options for donating important objects to the nation from gardens to textiles and jewellery, either during a taxpayer’s lifetime or on death, with an eye on effective tax planning

8 Jan 2024

Tax | The dangers of relying on AI to meet tax obligations

Relying on artificial intelligence to do something that it hasn’t been designed for can have significant consequences, warns Rob Chedzoy, tax partner at Milsted Langdon

5 Jan 2024

Tax

Personal Tax

Technology

Image for side hustle tax searches explode over 72hrs

Tax | Side hustle tax searches explode over 72hrs

The amount of people searching for information about ‘side hustle tax’ has increased by 1,415% due to concerns over HMRC online platform reporting rules

4 Jan 2024

Tax | Average earner will be £450 better off from Saturday

The Chancellor’s cut to national insurance comes in from Saturday 6 January, reducing tax bills in January pay packets

4 Jan 2024

Tax

Personal Tax

HMRC

Image for child benefit claims go online digital first

Tax | Child benefit claims go online in digital first

Child benefit claims can be made online for the first time since they were introduced in the 1970s, marking an end to paper applications

3 Jan 2024

Tax | Tougher side hustle tax rules come into force

Anyone selling goods through online platforms needs to make sure they keep within the £1,000 tax free limit as HMRC clamps down on tax abuse

2 Jan 2024

Tax | 4,757 tax returns filed on Christmas Day

The number of individuals filing tax returns on Christmas Day has shot up to 4,757 with a 10% hike in taxpayers using the holiday period to complete tax admin

2 Jan 2024

Tax

Personal Tax

Tax Compliance

Image for create breathing space director loans under s455

Tax | Create breathing space for director loans under s455

Changing accounting year ends can delay the payment of section 455 tax charges on director loans, explains Andrew Marr, managing partner at Forbes Dawson

22 Dec 2023