Striking the balance: company or self-employed?
The announcements in September’s not-so-mini-Budget have altered the balance between operating your business as self-employed or via a company. How will you be affected?
HMRC
Inheritance tax receipts double in a decade
New data from HMRC reveals the Treasury’s IHT receipts have doubled since 2012/13, the result of a frozen nil rate band and surging inflation. Is IHT a concern for you?
Is your interest getting too interesting?
As interest rates rise, the number of people who must pay tax on some interest is set to increase. Could you be one of those new interest taxpayers?
Setting new taxpayer records
New data from HMRC reveals there are now a record number of people paying higher or additional rate tax in the UK – 6.1 million.
Pension tax relief knowledge gap
HMRC has released unpublished research revealing many misunderstandings around pension tax relief, including workplace contributions and government top-ups. How well do you understand the pension tax relief available to you?
Higher rate taxpayers: no longer a select club
There was a time when paying tax at more than the basic rate made you a member of a somewhat select club, but higher rate taxpayer numbers are rising sharply. If that’s you, then independent financial advice is now more important than ever.
Can the child benefit charge be fixed?
A recent review by the OTS has put a major question mark over HMRC’s approach to collecting tax on child benefit, with nearly 100,000 people suspected of not paying the correct amount. Could you be one of them?
Company cars: heading downhill fast?
Recent data suggests the popularity of the company car continues to fall, but tax cuts on zero-emission cars have prompted renewed interest. Despite the proposed perks, be sure to check that you’ll be better off.
The pension annual allowance trap
HMRC figures show that the pension annual allowance continues to help fill its depleted coffers but to the detriment of the taxpayer. How are your contribution levels looking?
Are your young adults missing out on their Child Trust Fund?
HMRC urges parents of teenagers to check for hidden cash in forgotten Child Trust Funds. Does that include you?