Iain Rankin looks at a question sometimes asked by company owners. Many employers offer salary sacrifice arrangements, where an employee salary is reduced in exchange ... Continue Reading
The Tax Profession’s Safety Net It is well known that the legal profession provides a safety net for people who critically need legal advice but can’t ... Continue Reading
The Scottish Parliament has confirmed the rates and thresholds for income tax that will apply to the non-savings and non-dividend income of Scottish taxpayers from ... Continue Reading
HMRC launch a new Worldwide Disclosure Facility encouraging taxpayers to put things right if they have not declared all of their UK tax liabilities relating to offshore ... Continue Reading
You may not need to pay all of your second self-assessment payment on account if your liability for 2015/16 is less than it was the previous year. Introduction If ... Continue Reading
The Income Tax calculation is now so challenging that even the Chancellor appears confused, says TWed Introduction We often hear that tax is to be made simpler. ... Continue Reading
TW Ed points out a quite bizarre bit of guidance on the new .GOV website Introduction I recently gave a chat on the 2016 Budget to roughly 40 accountants. ... Continue Reading
The Low Incomes Tax Reform Group (LITRG) is urging people to claim back tax deducted from savings income in past years now that they have received their P60s. Background Up ... Continue Reading
If you are a Scottish resident, from 6 April 2016 you pay the Scottish rate of income tax and your tax code should start with the letter “S”. Introduction If ... Continue Reading
LITRG reminds individuals who give to charity under Gift Aid to check that they will still pay enough tax in 2016/17 to cover the amount of tax to be reclaimed. Background The ... Continue Reading
