Self assessment deadline approaching

Jan 07, 2019

The deadline for submitting your 2017/18 self assessment return is 31 January 2019. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect…

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Scottish Budget 2018 income tax changes

Jan 07, 2019

Finance Secretary Derek Mackay delivered the 2019/20 Scottish Draft Budget on Wednesday 12 December 2018 setting out the Scottish government's financial and tax plans. The announcement had been timed…

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Scottish Budget 2018 property tax changes

Jan 07, 2019

In the 2019/20 Scottish Draft Budget, Derek Mackay announced changes to Scottish Land and Buildings Transaction Tax (LBTT) which are considered below.

The government's stated policy priority…

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HMRC reminder to employees to claim their tax deductible expenses

Jan 07, 2019

HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses. HMRC estimate that millions of employees, particularly those working in the service industry,…

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Pension contribution increases ahead

Jan 07, 2019

The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a workplace pension will increase to an overall minimum of 8%, with employers…

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HMRC publish details of deliberate tax defaulters

Jan 07, 2019

HMRC have updated the list of deliberate tax defaulters. The list contains details of taxpayers who have received penalties either for:

  • deliberate errors in their tax returns
  • …

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Tax payment time again

Jan 07, 2019

As all our self-assessment readers will be aware, 31 January is the date by which any arrears of tax for 2017-18 need to be settled, together with a payment on account for 2018-19, if one is due.

Those…

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Set your New Year resolutions

Jan 07, 2019

This is not the place to discuss your personal options, but this is an ideal time to consider your business and personal financial planning options for 2019.

What are your options?

If…

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The top rate of Income Tax is 45%?

Jan 07, 2019

Named the additional rate, the highest rate of Income Tax is 45%, and some might say 45% is high enough.

However, if the rate of tax is measured as the relationship between income and tax plus…

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