TikTok tax scam: Spotting tax scams online
Two men have been arrested in East London after allegedly running a TikTok tax scam leading HMRC to block £153 million in repayment claims.
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Personal Tax
Have you paid the right amount of High Income Child Benefit Charge for 2022/23?
You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid.
Read More »Have you paid the right amount of High Income Child Benefit Charge for 2022/23?
Director’s loans – A missed tax planning opportunity?
A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses. Read More »Director’s loans – A missed tax planning opportunity?
Earning between £100,000 and £150,000? Your tax return is changing
If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.
Read More »Earning between £100,000 and £150,000? Your tax return is changing
Are you aware of the Government’s Marriage Allowance?
As of February 2023, HM Revenue & Customs (HMRC) estimated that over two million people are unaware of the Marriage Allowance tax relief which could save them up to £252 a year.
Read More »Are you aware of the Government’s Marriage Allowance?
How the personal allowance works
Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.
How a ‘fiscal event’ differs from a Budget
A ‘fiscal event’ is to be delivered on Friday, setting out what help is to be made available to get people through the winter and the cost-of-living crisis.
