When can you increase your rental income?20190820040000

When can you increase your rental income?

August 20, 2019
The ability to increase the rent on private rentals is driven by the tenancy agreement. This is an agreement between the landlord and the tenant. The ...
Child Benefit charge if income exceeds £50,00020190814040000

Child Benefit charge if income exceeds £50,000

August 14, 2019
The High Income Child Benefit charge (HICBC) applies to a parent whose income exceeds £50,000 in a tax year and who is in receipt of Child Benef...
How do you calculate adjusted net income?20190814040000

How do you calculate adjusted net income?

August 14, 2019
To calculate adjusted net income, you will need to look at a taxpayer’s total taxable income, before personal allowances, and then deduct any tr...
Payments on account system glitch20190730040000

Payments on account system glitch

July 30, 2019
The due date for making your second payment on account for 2018-19 was the 31 July 2019. The amount that was due for payment is usually the same as th...
How to claim a personal tax refund20190730040000

How to claim a personal tax refund

July 30, 2019
HMRC’s annual reconciliation of PAYE for the tax year 2018-19 is well under way. HMRC use salary and pension information to calculate if you hav...
Students working summer jobs20190722040000

Students working summer jobs

July 22, 2019
We would like to remind any students that work part time, for example in a summer job, that they are entitled to claim back any tax overpaid. Students...
Will you have to repay Child Benefit for 2018-19?20190717040000

Will you have to repay Child Benefit for 2018-19?

July 17, 2019
The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax year and who are in receipt of Child Benefit. Th...
Be wary of 60% Income Tax charge20190717040000

Be wary of 60% Income Tax charge

July 17, 2019
For high earning taxpayers the personal allowance is gradually reduced by £1 for every £2 of adjusted net income over £100,000 irres...
Tax simplification for self-employed20190717040000

Tax simplification for self-employed

July 17, 2019
The Office of Tax Simplification (OTS) was established in July 2010 to provide advice to the Chancellor on simplifying the UK tax system. The OTS has ...
Advising HMRC of changes in your personal details20190701040000

Advising HMRC of changes in your personal details

July 1, 2019
If your personal details change, you may be required to notify HMRC as this can affect your entitlement to certain tax breaks and or benefits. For ex...
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