Personal tax is now so complicated that it can require a complex algorithm to work out the most beneficial off-set of allowances against classes of income for an individual taxpayer. We explained the problems this is causing in our newsletters on 30 March and 27 April 2017.
News & Updates
Welcome to our monthly newswire. We hope you enjoy reading this newsletter and find it useful.
Welcome to our monthly newswire. We hope you find this newsletter useful. Please contact us if you would like to discuss any matters further.
Following the changes to dividend taxation from April 2016, when the rate of tax charged increased from 25% to 32.5%, callers are asking how HMRC would allocate any repayments.
Tax-Free Childcare is a new Government supported scheme which gives eligible parents up to £2,000 per child, per year, towards their childcare costs. For every £8 a parent pays into their childcare account, the Government will pay in an extra £2. Parents can use the money to pay their childcare provider from their childcare account, so long as their childcare provider is signed up to Tax-Free Childcare.
When a non-resident person (individual, corporate or trust) disposes of a residential property in the UK on or after 6 April 2015, that disposal must be reported for the purposes of non-resident capital gains tax (NRCGT). The reporting deadline is 30 days from the date of completion, as we explained in our newsletter on 6 October 2016