The HMRC estimates that over 5 million pounds of tax on property income is lost each year by private landlords failing to disclose their income and thus evade tax. A new crackdown on these individuals starts in the South East:- Around a third of buy-to-let...
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...