If you’re leaving Blighty to live abroad there are things you must make sure tick off before you jet off.
Excitingly, it seems that millions of people paid too much tax in 2012-13 and are now due a refund. Could you be one of the lucky many?
Last week was an important one for the financial world. George Osborne’s budget announcement received a generally positive reception from the press, but we wanted to know what you thought of it. In the unbiased.co.uk online poll, our results found the tax allowance increase to £10,000 in 2014, a scrapping of the proposed 3p fuel duty
More Tax Action tips from TaxCalc! This time it’s reviewing your payments on account… If you are currently making payments on account under the self-assessment scheme the default position is that they are based on the previous year’s tax bill. If your taxable income is increasing year on year then there is no need to review them
Minesh Patel talks tax planning tools for clients in his guest ‘Diary of an adviser‘ blog, supporting unbiased.co.uk’s Tax Action campaign sponsored by TaxCalc. You can view Minesh’s unbiased.co.uk profile here. Many of my clients get very excited by investments that save them large amounts of tax such as Venture Capital Trusts. VCTs, with the 30%
More Tax Action tips from TaxCalc! This time it’s business mileage… Another common area where taxpayers fail to claim relief, is on use of a private vehicle for business purposes. HMRC publish approved mileage rates currently 45p per mile for the first 10,000 miles and 25p per mile over the 10,000 miles. If your employer does not
Tax Action 2013 sponsors TaxCalc explain in their Tax Action tips blog why it can pay to include your charitable donations in your tax returns… When it comes to making donations to charity via the gift aid scheme, the charity you donate to will receive an additional payment of basic rate tax from HMRC. So if you donate £100
In support of unbiased.co.uk’s Tax Action campaign sponsored by TaxCalc, Scott Gallacher provides useful tips to reduce child benefit tax charges I was recently asked by a couple I know (one of the ‘squeezed middle’ families) if I could help them. The husband is earning £52,000 and they face losing almost £30 per month in
Tax Action 2013 sponsors TaxCalc share their top Tax Action tips, starting with personal pension relief… Are you missing out on your pension tax relief? It is estimated that around 250,000 higher rate taxpayers are failing to make the most of their tax relief because they mistakenly believe they receive it automatically. Did you know
Alistair Cunningham shares his thoughts on the Autumn Statement 2012 The change of the lifetime allowance to £1.25m (down from £1.5m today and £1.8m less than 12 months ago) is the most insidious of all the proposed changes. It hits hard at middle Britain, particularly those with privately funded pensions. Anyone breaching this allowance will
September and October can be a painful time for parents watching their children head of to university for the first time. Emotionally painful, because leaving a son or daughter in halls and driving off knowing they are not going to be at home for a while tugs at the heart strings. Tough it out though
The FT recently carried an interesting article by Gideon Rachman on the growing global trend towards higher taxes on the wealthy. The position in France was featured where the increase of the top rate of tax to 75% has been presented by some in power as an ‘opportunity’ for the rich in France to show