Tax Calculate

Earlier year underpayments

  • 13 Dec 2018
  • Nov

Tax calculations are now largely automated. When your tax return is submitted the HMRC computer calculates how much tax you owe, or whether a tax repayment is due, and issues a tax...

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Stacking Coins

Interest from PPI claims

  • 13 Dec 2018
  • Nov

Thousands of people have claimed and received refunds of payment protection insurance (PPI). Most people believe that the entire payment is tax free and hence does not have to be d...

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Couple Planning Pension

Check your state pension forecast

  • 13 Dec 2018
  • Nov

Do you know how much state pension you will receive when you retire? You can find this figure though your online personal tax account; click on ‘view state pension forecast&#...

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Baby Walking With Mother

Claw-back of child benefit

  • 13 Dec 2018
  • Nov

The high income child benefit charge (HICBC) was introduced in January 2013 to claw back child benefit where the highest earner in the family has total net income of £50,000 or mo...

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Man Doing Taxes

Termination payments

  • 13 Dec 2018
  • Nov

If an employment contract is terminated after 5 April 2018, the £30,000 tax-free cap on a payoff does not necessarily apply in full. Any payment made on termination of the employm...

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Man On Computer Smiling

Retain your entrepreneurs’ relief

  • 13 Dec 2018
  • Nov

Entrepreneurs’ relief allows you to pay capital gains tax at ten percent on gains made on the disposal of shares issued by your personal company, or assets used by that compa...

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Laptop Tablet Taxes

Making tax digital software

  • 13 Dec 2018
  • Nov

Most VAT registered traders will be required to file their VAT returns using MTD-compliant software for VAT periods beginning on and after 1 April 2019. If your VATable turnover is...

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Man Enjoying Retirement With Grandchild

Pension planning

  • 13 Dec 2018
  • Nov

You are probably too busy running your company to think about your pension, but you should give this some thought before the deadlines overtake you. Your company can only claim ded...

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Paying Online

Gains from off-plan purchases

  • 13 Dec 2018
  • Nov

Most people understand that when you sell your main home the profit you make on the sale is exempt from tax. However, for this exemption to apply in full you must generally occupy...

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