Changes to the rules for many pensions from 6 April 2015 mean more flexibility to draw money out of pension pots, but LITRG warns of tax issues that apply. Background Pensions ... Continue Reading
TW Ed with a timely reminder of some essential tax planning points before the end of the current tax year. Introduction The current (2014/15) tax year ends on ... Continue Reading
LITRG’s 19 recommendations are aimed at making the tax system easier for unrepresented taxpayers to understand and navigate, whether they are on PAYE or in ... Continue Reading
The meaning of “plant and machinery” is notoriously difficult to pin down. The word “plant” typically conjures up images of complex mechanical ... Continue Reading
Key Highlights: 2015/16 personal allowance ... Continue Reading
Ray Chidell on Capital Allowances fixtures elections in commercial properties – and a notable recent tax case which supports the “just and reasonable” ... Continue Reading
LITRG clarify the new Marriage Allowance available from 6 April 2015 for those married or in a civil partnership where one person has an income of less than £10,600. Introduction On ... Continue Reading
Savers on low incomes will soon be eligible for extra tax relief, but if they are no longer a taxpayer, they will no longer be eligible for Gift Aid. Introduction The ... Continue Reading
In part 2 of this short series, author and journalist Nick Morgan discusses how a taxpayer might prove he or she took "reasonable care" to mitigate penalties. How ... Continue Reading
World Bank Group employees who retire to the UK qualify for exemption from UK income tax on their pensions under the US-UK tax treaty holds the UK Tax Tribunal. ... Continue Reading
