Personal Tax Guidance
This guidance note explains the compliance issues you should be aware of in relation to an individual’s tax credit affairs.You should read the Recovery of overpaid tax...
Anti-avoidance provisions exist to prevent taxpayers from abusing the generous principal private residence (PPR) relief provisions to avoid paying capital gains tax on...
When a claim is subject to the renewals process, the claim and amount awarded is finalised, and if necessary, adjusted according to the actual income of the year of...
A popular tax planning point is to transfer income-producing assets between spouses or civil partners where one pays income tax at a lower marginal rate than the other,...
Household income for tax credits purposes is very similar to the taxable income of the claimant or the claimant couple. However, there are some key differences from the...
A claimant(s) is entitled to make a claim for child tax credits (CTC) provided the child or qualifying young person ‘normally lives’ with them. SI 2002/2007, reg 3(1),...
When tax credits were introduced in April 2003, the tax profession took the view that the tax credits system was something either to be embraced fully or avoided. The...
Residence rulesTo be eligible for tax credits, the individual must usually live in the UK ― that is England, Scotland, Wales or Northern Ireland. The UK does not include...
The payment of tax credits is based not just on the income of the household but also the circumstances of those people included in a tax credit award notice. This...
A claimant is entitled to make a claim for working tax credit (WTC) provided he satisfies the conditions of being in qualifying remunerative work and is physically...
This guidance note explains the compliance issues you should be aware of in relation to an individual’s tax credit affairs.You should read the Recovery of overpaid tax...
Anti-avoidance provisions exist to prevent taxpayers from abusing the generous principal private residence (PPR) relief provisions to avoid paying capital gains tax on...
When a claim is subject to the renewals process, the claim and amount awarded is finalised, and if necessary, adjusted according to the actual income of the year of...
A popular tax planning point is to transfer income-producing assets between spouses or civil partners where one pays income tax at a lower marginal rate than the other,...
Household income for tax credits purposes is very similar to the taxable income of the claimant or the claimant couple. However, there are some key differences from the...
A claimant(s) is entitled to make a claim for child tax credits (CTC) provided the child or qualifying young person ‘normally lives’ with them. SI 2002/2007, reg 3(1),...
When tax credits were introduced in April 2003, the tax profession took the view that the tax credits system was something either to be embraced fully or avoided. The...
Residence rulesTo be eligible for tax credits, the individual must usually live in the UK ― that is England, Scotland, Wales or Northern Ireland. The UK does not include...
The payment of tax credits is based not just on the income of the household but also the circumstances of those people included in a tax credit award notice. This...
A claimant is entitled to make a claim for working tax credit (WTC) provided he satisfies the conditions of being in qualifying remunerative work and is physically...
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