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Tax Tips

February 2017 – Facing a Tax Penalty?

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?

January 2017 – Happy Tax New Year

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

December 2016 – Married? Could you save £220?

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?

November 2016 – Your paper Tax Return – are you late?

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?

October 2016 – The blind person’s tax allowance

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

September 2016 – Tax Calculations – Should you have one?

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?

August 2016 – Something of interest … or is it?

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?

July 2016 – How flexible are your pension savings?

You may be aware that from April 2015 new rules were put in place to allow pension providers to pay out pension plans to certain customers. These rules cover defined contribution pensions, more commonly known as money purchase schemes, but… Continue Reading July 2016 – How flexible are your pension savings?

June 2016 – Making Tax Digital

As businesses struggle to reduce their costs we are all being put under additional pressure to engage digitally and for those of us with the know-how and the technology it is usually the most efficient way to carry out our… Continue Reading June 2016 – Making Tax Digital

May 2016 – Time to check your tax …

It’s that time of year again so, if you’ve received your P60 from your pension providers and employers and the end of year information from your banks and building societies, now is the perfect time to check that the tax… Continue Reading May 2016 – Time to check your tax …

Mark Hadley Design