School holidays? Looking forward to jetting off with the family for a break in the sun on a Greek island? You may find that you will be paying a bit more for your Retsina than you originally budgeted. Firstly, a factor affecting all overseas destinations is the weaker pound since the Brexit vote. The exchange … Continue reading Why your holiday will be costing more than you may have hoped →

If you are an employee then HMRC checks, or should check, each year whether you have paid the correct amount of tax. If you have underpaid or overpaid tax then they will issue you with a form P800, and these have now started to be issued by the tax office. However, there is a change … Continue reading Getting a tax refund – What You Need To Know →

One tax avoidance measure that has been widely used in recent years is the “contractor loan” scheme. Instead of being paid directly by the client, the funds to pay the contractor are routed through a series of companies or other related bodies, until they reach the contractor in the form of a loan. It is … Continue reading Contractor Loan Schemes Tax Avoidance →

We may look at the whole question of tax payable on benefits at some point in a future newsletter. However, there is one interesting change to the taxation of benefits in the current Finance Bill, which exempts trivial benefits from tax and national insurance. A trivial benefit is defined in the Bill as one that … Continue reading Trivial Benefits Tax And National Insurance Benefits →

A short while ago we highlighted the case of a client who very nearly fell for the iTunes scam, and you may recall that several other people were contacted about the same time by the fraudsters. We are grateful to the client for forwarding a copy of a letter received shortly afterwards from the National … Continue reading Advice for people might have been victim of an iTunes scam update →