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 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...
To Chancellor George Osborne it is a simplification in a complex tax system. To its critics, it is a "granny tax". But what exactly does the most controversial measure in Wednesday's Budget mean for you? The change in age-related personal allowances - the amount of income that is tax-free -...