Deadline for child benefit tax
Changes to the high income child benefit charge mean some couples will pay less tax. Others can also benefit but must take steps to do...
HMRC hunts for undeclared dividends
HMRC campaign. From time to time HMRC runs campaigns to identify where it might be losing tax as a result of oversights, errors or...
Payrolling benefits will be compulsory
Taxing alternatives. As an employer, you can choose one of two ways to report taxable employee benefits in kind. You can either report...
New guidance for IR35 and umbrella schemes
IR35/off-payroll. HMRC has made changes to its guidance for businesses and individuals affected by the IR35/off-payroll rules (see The...
HMRC rewrites rules on private residence relief
HMRC’s longstanding view of when ownership begins for the purposes of capital gains tax private residence relief (PRR) was overturned....
HMRC’s warning over payroll errors
HMRC says that some employers are incorrectly processing workplace pension contributions. Why is this a big problem and how can you...
Company owners beware of school fees scheme
Markets tax scheme. According to HMRC, a tax avoidance scheme is being marketed to owner-managed companies which diverts dividend income...
More time to buy extra state pension
The deadline for topping up your NI record to improve your State Pension has been extended to 31 July 2023. The two types of contribution...
Student loan repayment thresholds revised
Amended thresholds. New earnings thresholds apply for student loan repayments for paydays on or after 6 April 2023. HMRC has published...
Time is running out to mind the NIC gap
Gaps in taxpayers’ national insurance contribution records can be plugged as long as voluntary contributions are paid before April. For...