P11D – Are you ready to report and pay tax on Benefits in Kind?
Benefits in Kind (BIK) cover a number of different perks or additional payments made by employers to their employees. They can include any of the…
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Changes to the repayment of Student Loans begin in August
The way in which Student Loans are repaid is changing and employers need to be prepared. Currently, graduates and students who have taken out student…
Fiscal drag bites on earners
Changes to personal tax allowances and higher interest rates have seen a growing number of people being affected by fiscal drag. Fiscal drag is the…
What is the Residence Nil-Band Rate? And why does it matter to you?
The Residence Nil Band Rate (RNRB) was introduced by the Government in 2017 and benefits families passing on their main property to a direct descendent….
Landlords are latest group targeted by HMRC ‘nudge’ letters
Residential landlords are the latest group to have been targeted in receiving ‘nudge’ letters from HM Revenue & Customs (HMRC). The letters are part of…
683,000 higher rate taxpayers opt out of child benefit as thresholds remain frozen
The High Income Child Benefit Charge (HICBC) was introduced in 2013 and was set up to charge tax on individuals claiming child benefits who were…