News Articles: Personal Tax
The big tax story over the past few weeks has been the trial of Harry Redknapp and Milan Mandaric who were accused of cheating the public revenue. HM Revenue & Customs argued that payments made by Mr Mandaric from the … Continue reading
HM Revenue & Customs have published draft legislation which, from 6 April 2012, would apply a PAYE code number of ‘0T’ rather than ‘BR’ when share-based payments (i.e. securities, interests in securities and securities options) are made to employee after … Continue reading
HM Revenue and Customs are keeping up the pressure on those who evade their tax liabilities using a carrot and stick approach. Last year saw several tax amnesties or ‘disclosure facilities’ as HMRC prefer to call them, including opportunities for … Continue reading
Recent figures suggest that as many as 60 per cent of Brits do not have a Will in place, but what happens if you don’t have a Will? A Will allows you to plan, it means that your property and … Continue reading
It’s only human nature to procrastinate – ‘why put off until tomorrow what can be put off until the day after?’ Not surprisingly, this is an attitude that many take regarding their annual self assessment tax return. After all, the … Continue reading
HMRC has changed the fuel advisory rates for the third time this tax year. The new rates apply to all journeys on or after 1 December 2011 until further notice. For one month after the date of change, employers may … Continue reading
One common feature of tax news, especially when a Budget or Autumn Statement is approaching – and the Chancellor will be supplying the latter on 29 November – is an industry or service sector making representations as to why tax … Continue reading
CentreForum, the dominant Lib Dem think tank, have called for the taxing of pension cash lump sums taken upon retirement. The proposed move targets those pension pots that fall into the higher tax rate of £42,475. The paper suggests that … Continue reading
The ‘IR35’ rules aim to collect income tax and National Insurance contributions on the earnings from those who carry out work through a limited company. The test of whether the rules apply is if the individual was working directly … Continue reading
Did you watch the final of ‘The Apprentice’ – the BBC television programme where Lord Alan Sugar looks for a budding entrepreneur – last Sunday? If you did, you probably saw the look of amazement on the face of finalist … Continue reading
