We fairly frequently receive calls or emails from clients saying that they have received an email stating, for instance, that they are due a tax rebate. These will be scams. HMRC has stated that they will never contact a taxpayer by email about overpaid tax. They emphasise that you should never open such emails, and … Continue reading If you receive an email stating that you are due a tax rebate →

HM Revenue & Customs have just released the names of 70 offenders who have failed to pay the National Minimum Wage (“NMW”). The current rates of NMW are as follows: Employees aged 21 and above £6.50 per hour Employees aged 18 to 20 £5.13 per hour Employees under 18 £3.79 per hour Apprentices £2.73 per … Continue reading HMRC announces the names of 70 offenders who have failed to pay the National Minimum Wage →

A new tax relief worth up to £212 a year is coming into effect in April. It is a new Married Allowance, and is available to married couples and civil partnerships where: 1. the higher earner does not pay more than basic rate tax; and 2. the lower earner does not earn enough to use … Continue reading A new tax relief worth up to £212 a year is coming into effect in April →

Currently, if other taxable income is below £2,880 then the remainder of this band is available to savings income to be taxed at the starting rate of 10%. This will change for the next tax year. From April, the band will be increased from £2,880 to £5,000. At the same time, the starting rate of … Continue reading The taxation of interest is changing from April →

As we approach the end of the tax year then there are opportunities available to minimise your tax liability. Here are five relatively easy ones. 1. Avoid or Reduce the High Income Child Benefit Charge This is a clawback of any child benefit received when the higher paid partner in a relationship has adjusted income … Continue reading Five ways to minimise your tax liability →