Armed forces personnel can now receive some accommodation expenses free of income tax and National Insurance. As with all of … Read More
The starting rate for savings income will remain at £5,000 for 2018-19 and the standard ISA annual subscription limit will … Read More
In keeping with the government’s stated aim of increasing the personal allowance to £12,500 by 2020, this will rise to … Read More
It had been announced that by 2019 capital gains tax on residential property would have to be paid within 30 … Read More
First-time buyers paying £300,000 or less for a residential property will no longer pay stamp duty land tax (SDLT). For … Read More
Rent a room relief is a tax relief available to those who rent out a room within their only or … Read More
The Government’s Autumn Budget Day will be on 22 November 2017. There are reports that this may include: A reduction … Read More
Note that the following benefits are taxable State Pension Jobseeker’s Allowance Carer’s Allowance Employment and Support Allowance (contribution based) Incapacity … Read More
The following income is exempt from UK tax: Income from National Savings (NS & I) Certificates (but interest on a … Read More
We have reported many cases where taxpayers have had penalties overturned by the tribunals. The latest one involved an arithmetical … Read More