Financially Yours – June 2019
The problem of “phishing” contacts and e-mails is large and increasing, and fraudulent contact supposedly from HM Revenue & Customs is a very common one. We have written before about some of these that have been experienced by clients or members of our firm. To try and counter this HM Revenue & Customs publish updated … Continue reading Financially Yours – June 2019
Self – Assessment 2019. If you are one of those people who have to complete a tax return even though you are in employment and believe your tax is dealt with accordingly, things may not be as clear cut as they may seem. Some employees receive ‘benefits in kind’ (BIK) through their job, some of … Continue reading The Money Column – June 2019
Thousands of workers are hit with massive tax avoidance bills as the 2019 loan charge legislation comes into play. Earlier this month, MPs took a holiday from the Brexit debacle to consider HMRC’s approach to the new loan charge legislation following a highly critical report by an All Party Parliamentary Group’s (“APPG”) into its conduct. … Continue reading Loan Charge Legislation
One of the biggest areas of confusion for VAT registered traders, is whether they can claim back the VAT incurred on expenses but invoiced to employees, sub-contractors or other self-employed individuals. A fundamental principle of VAT is that only the person to whom the supply was made can make a valid reclaim of the VAT … Continue reading As A Registered Trader, What Can I Claim VAT Back On?
Student loan repayments are made automatically through the tax system. The amount owed will vary based upon your overall yearly earnings and what year you decided to study. The repayment threshold for student loans taken out after 2012 will increase to £25,000 per annum in April, and will then increase annually in line with changes … Continue reading When Do I Start Paying Back My Student Loan?