Personal Tax Guidance

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Personal Tax

Essential guidance on whether you are completing or reviewing tax returns, or dealing with tax planning work. Tax compliance topics are structured around the pages of the tax return, helping you find exactly what you need. You will also find a wealth of information to help you structure your clients’ affairs efficiently.
Featured Articles
Latest Guidance
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13 Mar 2020

Universal credit is a non-taxable benefit that is administered by the Department of Work and Pensions and is available throughout the UK. It is...

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13 Mar 2020

A time to pay arrangement is a negotiated agreement between HMRC and the taxpayer to allow for tax to be paid after its due date.The guidance in this...

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13 Mar 2020

Summary The enterprise management incentive (EMI) scheme is a tax-advantaged share option employee incentive scheme aimed at small entrepreneurial...

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13 Mar 2020

In addition to the personal allowance, blind individuals receive a further allowance (£2,500 for 2020/21; £2,450 in 2019/20). In order to...

Personal_tax_img8
13 Mar 2020

The personal allowance is a deduction against net income that is available to all UK resident individuals (and some non-residents, see below). The...

Personal_tax_img10
13 Mar 2020

The profits from the surrender of certain life insurance policies are treated as savings income (rather than capital gains) and taxed last after all...

Personal_tax_img3
13 Mar 2020

Entrepreneurs’ relief is a capital gains tax (CGT) relief available to taxpayers who make a qualifying business disposal (essentially selling or...

Personal_tax_img
13 Mar 2020

Many people work from home either on an informal or a full-time basis. These people can be employed or self-employed, and their employment status...

Personal_tax_img4
13 Mar 2020

The maximum amount that an individual can build up in pension savings is limited in two ways:•first, the annual allowance limits the amount that...

Personal_tax_img
13 Mar 2020

The completion of boxes 1 to 4 at the top of page TR4 of the main tax return  allows a taxpayer to claim tax relief on pension contributions made...

Latest Guidance
Personal_tax_img8
Personal Tax

Universal credit is a non-taxable benefit that is administered by the Department of Work and Pensions and is available throughout the UK. It is available to individuals...

Personal_tax_img3
Personal Tax

A time to pay arrangement is a negotiated agreement between HMRC and the taxpayer to allow for tax to be paid after its due date.The guidance in this note applies to...

Personal_tax_img10
Personal Tax

Summary The enterprise management incentive (EMI) scheme is a tax-advantaged share option employee incentive scheme aimed at small entrepreneurial companies that meet...

Personal_tax_img
Personal Tax

In addition to the personal allowance, blind individuals receive a further allowance (£2,500 for 2020/21; £2,450 in 2019/20). In order to qualify for the...

Personal_tax_img8
Personal Tax

The personal allowance is a deduction against net income that is available to all UK resident individuals (and some non-residents, see below). The basic personal...

Personal_tax_img10
Personal Tax

The profits from the surrender of certain life insurance policies are treated as savings income (rather than capital gains) and taxed last after all other income...

Personal_tax_img3
Personal Tax

Entrepreneurs’ relief is a capital gains tax (CGT) relief available to taxpayers who make a qualifying business disposal (essentially selling or giving away their...

Personal_tax_img
Personal Tax

Many people work from home either on an informal or a full-time basis. These people can be employed or self-employed, and their employment status affects the expenses...

Personal_tax_img4
Personal Tax

The maximum amount that an individual can build up in pension savings is limited in two ways:•first, the annual allowance limits the amount that can be paid into...

Personal_tax_img
Personal Tax

The completion of boxes 1 to 4 at the top of page TR4 of the main tax return  allows a taxpayer to claim tax relief on pension contributions made in the tax...