Blog Search Results Loading...

Listening...

[stop listening]

Search elsewhere: WebpagesBlog

Show Search Hints »


Did you mean: saving tax ?

9 results for Saving Tax found within the Blog

6 displayed out of 9 (0.94 seconds)

Page 1 of 2

What to expect from the 2017/2018 financial year

Posted by WebBoss Design on 16th October 2018 in Blogging |

What to expect from the 2017/2018 financial year Friday, April 7, 2017 2:45:51 PM The first two weeks of April introduce some big reforms for your finances. Income TaxAs highlighted in the spring 2017 Budget, your Tax free personal allowance will rise from £11,000 to £11,500 which means that the amount someone can earn Tax free in 2017/18 will be over 75% higher than in 2010. This should save over 20 million people £100 a year. At the same time, the starting point for somebody to enter the higher rate Tax band will move from £43,000 to £45,000, Saving higher rate Tax payers a further £400 per year. This is not the case however in Scotland, as the ...
 

Capital Gains Tax is Changing

Posted by Shaun Crozier on 29th July 2019 in Blogging | Capital Gains Tax,CGT,Saving Tax

From April 2020 a number of changes are being introduced to Capital Gains Tax. The changes, impacting the owners of residential property, centre on reductions in Tax reliefs and changes to how Capital Gains Tax is collected by HMRC. We look into one of the changes below. Payment of your Capital Gains Tax liability HMRC will begin collecting any Capital Gains Tax (CGT) you owe from the sale of a residential property with 30 days of the sale. The changes, which come into force in April 2020, will see the CGT payment deadline brought in line with the deadline which is already in place for non UK residents. Under the current rules, Taxpayers may have up to 21 mo...
 

You The Taxpayers to face the highest Tax Burden for 30 years

Posted by WebBoss Design on 16th October 2018 in Blogging |

You The Taxpayers to face the highest Tax Burden for 30 years The Institute for Fiscal Studies have recently claimed that UK Taxpayers are facing the highest Tax Burden for 30 years. Over 37% of Britain’s National Income will be drawn from your Tax receipts for the first time since 1986. These Tax increases derive from a number of new legislations such as higher Tax on dividend income, increase in Tax on insurance premiums, higher vehicle excise duty and a new restriction on pension contributions for those on very high incomes. Hundreds of thousands of people, are suddenly paying a higher rate of Tax as the threshold has failed to keep up with rising infl...
 

Filing Personal Tax/Accounts with HMRC Every 3 Months! Are you Prepared?

Posted by WebBoss Design on 16th October 2018 in Blogging |

Filing Personal Tax/Accounts with HMRC Every 3 Months! Are you Prepared? Many people have reported still feeling in the dark about HMRCs new propositions when it comes to filing business and personal Tax returns online from 2018, although one thing is for sure; we are certainly stepping into the Digital era. This time of year the word ‘deadline’ looms over all of our heads as the paper Tax return must be filed by October 31st, albeit it only this way for two more years. Statistics show however, that the majority are already making the switch with only 11 percent of us filing by paper in 2015. Despite online filing becoming increasingly more common for b...
 

The 2017 car Tax changes explained

Posted by WebBoss Design on 16th October 2018 in Blogging |

The 2017 car Tax changes explained From next month, the way that vehicle Tax is calculated will change, affecting all of us with vehicles registered with the DVLA from 1 April 2017. Vehicle Tax for the first year will be based on CO2 emissions and after that the amount of Tax that needs to be paid will depend on the type of vehicle. Unlike the current system, in which low-emission vehicles and petrol cars are exempt, the new Vehicle Excise Duty (VED) will only be free for vehicles with no tailpipe emissions (electric and hydrogen cars only). These new regulations will mean that all new cars will face a significant increase in their Tax demands during the fi...
 

HMRC recover debts of up to £17,000 though PAYE codes

Posted by WebBoss Design on 16th October 2018 in Blogging |

HMRC recover debts of up to £17,000 though PAYE codes From April 2015, HMRC bought in a new legislation which gave them the power to collect debts of up to £17,000 through an individual’s Tax code, even without the individual’s consent. From the 2015 / 2016 Tax year, this new method of debt collection referred to as ‘coding-out’ saw an increase from the previous collection limit of £3000 for earnings less than £30,000. The upper limit for how much debt can be coded out is linked to the Tax payer’s income. There is a graduated scale so that the maximum £17,000 can be coded out for a person with earnings over £90,000. There is no change for th...
 
[1] 2 ...of 2 | Next | Last Page