Personal Tax

Latest news

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Tax | Q&A: share buyback and tax liability

In this week’s Q&A, Croner-i’s Stuart Farmer examines the tax implications of selling shares back to a company and whether dividend tax comes into play

8 Nov 2022

Tax | Tax implications: retired and returning to work

With the rising cost of living, some retirees might consider that full retirement is no longer affordable and decide to return to work to supplement their income

7 Nov 2022

Tax | We PAYE Umbrella flagged for tax avoidance schemes

HMRC has called out recruitment agency We PAYE Umbrella for using tax avoidance schemes to pay staff

3 Nov 2022

Tax | SEISS payments must be included on tax returns

HMRC has warned taxpayers completing self assessment that they must declare Covid-19 payments in their tax return for the 2021 to 2022 tax year

2 Nov 2022

Tax | Q&A: married couples’ tax allowance

In this week’s Q&A, Croner-i apprentice tax advisor Ria Dhillon, explains the tax implications of the married couples’ allowance when earnings change

1 Nov 2022

Tax

Personal Tax

Tax Compliance

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Tax | Credit Suisse to pay €238m to settle French tax probe

Credit Suisse has been fined €238m (£206m) over allegations of tax evasion and money laundering by bank customers in France

26 Oct 2022

Tax

Personal Tax

Tax Compliance

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Tax | 100 days left to file self-assessment returns

HMRC is reminding taxpayers that there are just 100 days left to complete their self-assessment tax returns, ahead of the deadline on 31 January 2023

24 Oct 2022

Tax | Tax take hits £368.9bn driven by income tax

Total tax receipts for the first six months of the year are up by £35bn to £368.9bn, with income tax and National Insurance spiking by 15%

21 Oct 2022

Tax | Kensington residents pay average £1m inheritance tax

The central London borough of Kensington and Chelsea tops the league for average value of inheritance tax (IHT) paid at over £1m

19 Oct 2022

Tax

Personal Tax

Tax Planning

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Tax | Q&A: mileage allowance payments and tax liability

In our regular Q&A, Croner-i payroll adviser Carla Kennedy, explains the tax liability issues if you decide to pay employees more than the higher approved mileage allowance payment

18 Oct 2022

Tax | Chancellor reverses tax cuts in mini Budget U-turn

Jeremy Hunt has scrapped nearly all tax cuts announced in last month’s mini Budget, which include removing the 1p cut to base rate income tax

17 Oct 2022

Tax | Tax from trusts edges up to £1.45bn

The total tax payable on trusts and estates in the year ending 2021 was £1.45bn, increasing by 5% as more trusts sign up to Trust Registration Service

14 Oct 2022

Tax | OECD plans tax register for crypto asset transactions

The OECD plans to launch the first global tax transparency framework for the reporting and exchange of information on crypto assets, detailing ownership and transactions

11 Oct 2022

Tax | Fraud warning for self assessment taxpayers

Self assessment taxpayers should guard against being targeted by fraudsters as more than 10,000 websites attempt to defraud individuals, warns HMRC

10 Oct 2022

Tax

Personal Tax

HMRC

Image for importance using gift aid tax free charitable donations

Tax | The importance of using Gift Aid for tax-free charitable donations

Ross Palmer, senior tax manager at Sayer Vincent, explains the tax benefits of charitable donations to mark Gift Aid Awareness Day on 6 October, organised by Charity Finance Group (CFG)

6 Oct 2022