If you or your spouse (or live in partner) earn over £50,000 and claim child benefit - you may need to complete a self-assessment tax return. Earnings between £50,000 and £60,000 allows some payments of child benefit but the amount payable is reduced as...
Budget 2013 Report Chancellor George Osborne announced his budget on Wednesday 20th March which contained several changes to the UK tax system. Essentially this budget was fiscally neutral meaning that all tax cuts announced were paid for by tax rises elsewhere. Personal Income Tax The basic personal...
The latest focus of the HMRC's campaign against tax avoidance and evasion is centered around the loss of capital gains tax on the sale of second homes. People who have sold properties that are not their main homes, and who have not told HMRC about any...
The HMRC are introducing the largest change since the second world war to the way in which employers report their payroll with the introduction of RTI (Real Time Information) starting on the 6th April 2013 "As an employer, each time you pay an employee, you already...
Ebay sellers receive tax warning Commercial traders are becoming a bigger feature of Ebay Sellers on the auction website Ebay are being warned to check if they need to register as self-employed with HM Revenue and Customs (HMRC) and pay tax. Research suggests that about 68,000 people make...