Tax | HMRC to refund 60k over rogue repayment agent

Thousands of taxpayers who have reclaimed tax payments using the repayment agent Tax Credits Ltd since December 2021 will be paid a direct refund from HMRC

29 Sep 2022

Tax

Personal Tax

HMRC

Tax | Trio of tax avoidance promoters named

Three more tax avoidance scheme promoters have been named and shamed with Focus Contractors, Greenwich Contracts and Nicely Paid rapped by HMRC

29 Sep 2022

Tax

Personal Tax

Business

Called to Account

Tax | Pension tax breaks hit record £48.2bn

More savers are withdrawing money from their pensions while the level of tax breaks on pension contributions is nearing the £50bn mark

29 Sep 2022

Tax

Personal Tax

Tax Planning

Business

Pensions

Tax | Register for self assessment by 5 October

HMRC is reminding taxpayers to register for self assessment by 5 October if they plan to use online tax return filing service

28 Sep 2022

Tax

Personal Tax

HMRC

Tax Compliance

Tax | How income tax cuts affect earners

In the mini Budget, the Chancellor set out plans to reduce the basic rate of income tax to 19% and in a surprise move abolished the 45% tax rate

26 Sep 2022

Tax

Personal Tax

Tax Planning

Budget

Tax | CPD module: taxing partnerships

In this month's Accountancy Daily CPD module, we examine the tax implications of partnerships and reporting profits and losses

26 Sep 2022

Tax

Business Tax

Personal Tax

Business

Training & CPD

Tax | Mini Budget 2022: share option scheme doubled to £60k

The government announced two changes to the company share option plan (CSOP) scheme including doubling the share limit

26 Sep 2022

Tax

Business Tax

Personal Tax

Budget

Tax | Mini Budget 2022: dividend tax rate cut for top earners

In line with the decision to abolish the 45% additional tax rate, the government has also cut the dividend tax rate for the highest earners by 6.85%

23 Sep 2022

Tax

Personal Tax

Budget

Tax | Mini Budget 2022: 45% additional tax rate abolished

In a surprise move, the Chancellor announced plans to abolish the additional 45% rate of income tax on annual income above £150,000 from 6 April 2023

23 Sep 2022

Tax

Personal Tax

Budget

Tax | Sign up for our Mini Budget webinar

Get ahead of the curve and join our webinar on 23 September to discuss the announcements made at the Mini Budget

23 Sep 2022

Tax

Business Tax

Personal Tax

Budget

Tax | Mini Budget 2022: off payroll working rules to be abolished

The Chancellor has announced plans to abolish the IR35 off payroll working rules for the public and private sector from April 2023

23 Sep 2022

Tax

Employment Tax

Personal Tax

Budget

Tax | Mini Budget 2022: basic rate of income tax cut to 19%

The Chancellor Kwasi Kwarteng has brought forward by a year the cut in the basic rate of income tax to 19% from April 2023

23 Sep 2022

Tax

Personal Tax

Budget

Tax | Preparing for changes to tax year basis

HMRC is reminding sole traders and partnerships that the rules for income tax in a self assessment return are changing for the tax year 2023 to 2024 onwards

22 Sep 2022

Tax

Business Tax

Personal Tax

HMRC

Tax Compliance

Tax Planning

Tax | 1.25% cut in national insurance confirmed for employees and employers

The Chancellor has confirmed that he will cut national insurance by 1.25% for employees and employers from 6 November

22 Sep 2022

Tax

Employment Tax

Personal Tax

Budget

Politics

Tax | Loan charge group lobbies ministers for review

MPs on the Loan Charge Action Group have written to the two key Treasury ministers who have taken on responsibility for the loan charge, calling for a review

22 Sep 2022

Tax

Personal Tax

Politics