Sep 18, 2023 | FAQ, HMRC, Income Tax, Landlords, Vault
The ability to legally assign an income tax repayment, or the right to an income tax repayment, to a third party has been removed by HMRC from March 15 this year, meaning any repayment will remain the legal property of the taxpayer in question. The change affects...
Sep 4, 2023 | FAQ, Income Tax, PAYE, Payroll, Pensions, Vault
People making the most of flexible pension withdrawals have been facing tax overpayments due to miscalculations by HMRC. In Q2 2023 alone, the taxman repaid £56,243,842 to people who had been taxed more that they should on their pension withdrawals. This amounts to an...
Jul 24, 2023 | HMRC, Income Tax, Information, PAYE, Self-Assessment, Tax, Vault
Archived Article NoticeThis article relates to Self Assessment thresholds and HMRC guidance available at the time of publication. Tax return requirements and reporting thresholds may have changed since this article was written. The threshold for people taxed...
Jun 26, 2023 | HMRC, Income Tax, Information, Pensions, Tax, Vault
Archived Article NoticeThis article reflects pension carry forward rules and annual allowance guidance available at the time of publication. Pension legislation and tax thresholds may have changed since this article was written. The Chancellor made some major...
May 8, 2023 | HMRC, Income Tax, Information, News, Tax, Vault
Archived Article NoticeThis article reflects income tax thresholds and Budget announcements available at the time of publication. Tax bands, allowances and legislation may have changed since this article was written. Higher earners have been dealt a blow after...
Apr 24, 2023 | FAQ, HMRC, Income Tax, Information, Tax, Vault
Archived Article NoticeThis article reflects childcare benefit rules and tax guidance available at the time of publication. Income thresholds, eligibility and tax charges may have changed since this article was written. Up to 30 hours of free childcare per week...
