Coding out debts
The coding threshold entitles taxpayers to have an underpayment of less than £3,000 collected via their tax code, provided they are in employment or in receipt of a UK-based pension. The coding applies to certain debts such as Self Assessment Read more..
The Social Investment Tax Relief (SITR) scheme
The Social Investment Tax Relief (SITR) scheme is the Government’s new tax relief scheme to encourage individuals to support social enterprises and to assist social enterprises access new sources of finance. The scheme is available for investments Read more..
The most wide-ranging changes to pensions in many years were announced as part of this year's Budget. The changes affect individuals that have pensions savings in a defined contribution (DC) scheme, such as a personal pension.
The changes, which Read more..
HMRC’s High Net Worth Unit
HMRC's High Net Worth Unit (HNWU) was established in 2009 to deal with taxpayers who have wealth in excess of £20 million. HMRC uses details from tax returns and other public information databases to identify almost 6,200 of the country’s taxpayers Read more..
Paper Self Assessment returns
The 2013-14 tax return deadline for taxpayers who continue to submit paper Self Assessment returns is 31 October 2014. Late submission of a Self Assessment return will become immediately liable to a £100 late filing penalty. The penalty will apply Read more..