As your letter box rattles with your end of year paperwork like P60’s and savings/investment information, it is a good time to check whether you have paid the correct amount of tax for that year and also to make sure… Continue Reading May 2017 – The end of the tax year but was it right?
If you receive dividends on shareholdings you may have noticed a change in the supporting documentation for any dividend paid after 5 April 2016. The associated tax credit voucher you’ve seen in the past has been abolished and replaced by… Continue Reading April 2017 – Credit where credit’s due? Not any more
Well, it had to happen eventually! HMRC are making changes to the way the tax system works and by 2020 they will have moved to a fully digital tax system where: taxpayers should never have to tell HMRC information it… Continue Reading March 2017 – Making tax digital
February is the month when HMRC send out penalties to people who have failed to file their 2015/16 tax return. If this is why you have received a penalty it is best to act quickly, especially if you normally file… Continue Reading February 2017 – Facing a Tax Penalty?
We know the 2017 New Year celebrations are all well and truly over but the new 2017/18 tax year is approaching fast and although it doesn’t create the same celebratory mood it can certainly cause a headache! So to try… Continue Reading January 2017 – Happy Tax New Year
The marriage allowance was introduced in April 2015 and uptake has been low; in fact millions of people who are eligible to claim the marriage allowance haven’t done so. It’s quite an easy process to claim it. In 2015/16 it… Continue Reading December 2016 – Married? Could you save £220?
The important date for completing a paper Tax Return, 31st October, has now passed and late filing penalties are looming! But don’t worry, if you complete and file your Tax Return online before 31st January 2017 you will avoid a… Continue Reading November 2016 – Your paper Tax Return – are you late?
The Blind Person’s Allowance (BPA) is not widely promoted and many people who may be entitled to it are still not claiming. One of the misconceptions is that you have to be totally blind to claim it, when in fact… Continue Reading October 2016 – The blind person’s tax allowance
It’s that time of year again when Tax Calculations, also known as P800s, start hitting our doormats. HM Revenue and Customs (HMRC) send P800s to people who have ‘over’ or ‘under’ paid tax under the Pay As You Earn (PAYE)… Continue Reading September 2016 – Tax Calculations – Should you have one?
If it looks like a duck, walks like a duck and quacks like a duck, then it probably is a duck. The so-called “Duck Test” suggests you can usually identify an unknown object from its general characteristics. It’s often reliable,… Continue Reading August 2016 – Something of interest … or is it?