Tax Tips

Stamp Duty Land Tax (SDLT) is payable on the purchase of residential property in increasing portions of the property price above £125,000. Current rates of SDLT on individual and additional [...]

There are various reasons as to why gaps may arise in an individual’s national insurance contributions (NIC) record, for example, because that person has been on low earnings for several [...]

Q. My wife has a part time job but doesn’t earn enough to pay tax. Can she get tax relief on contributions made to a pension scheme? A. Yes, even if you are not earning enough to pay income [...]

2 – Deadline for PAYE settlement agreement for 2016/17 19/22 – PAYE/NIC, student loan and CIS deductions due for month to 5/8/2017

Over recent years, it has become increasingly popular for employers to allow their employees to work from home, and in doing so, pay an amount to cover any additional household costs incurred. [...]

Most people will be aware that the state retirement pension system has changed for people who reach state pension age on or after 6 April 2016 – that is men born after 5 April 1951 and [...]

A number of changes have been made to the legislation designed to end perceived abuse of the VAT relief on substantially and permanently adapted motor vehicles for disabled wheelchair users. The [...]

Although Budget 2017 announced that the Government intends to review the rent-a-room scheme, it currently remains a tax-efficient way of letting out a spare room. Broadly, HMRC’s [...]

Q. Can I give my house to my children and continue to live in it and avoid inheritance tax? A. It may be possible if you pay a full market rent for your home, but if you do this, then your [...]

5 – Deadline for PAYE settlement agreement for 2016/17 6 – Deadline for 2016/17 forms P11D and P11D(b) to be submitted and copies of P11D to be issued to relevant employees Deadline [...]