Personal Tax Guidance

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Main tax return

This is the latest tax guidance provided on main tax returns to provide the best possible service to your customers.
Latest Guidance
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27 Jun 2019

Overseas pensions are those paid by or on behalf of a person outside the UK. For these purposes, the Isle of Man, Jersey and Guernsey are classed as overseas.This note...

Personal_tax_img
27 Jun 2019

In addition to the personal allowance, blind individuals receive a further allowance (£2,450 in 2019/20; £2,390 in 2018/19). In order to qualify for the allowance,...

Personal_tax_img8
27 Jun 2019

An individual can make an irrevocable election to opt out of the pre-owned asset tax (POAT) regime as regards a particular asset. The downside is that the asset will then...

Personal_tax_img6
27 Jun 2019

Excluded transactionsNo charge to pre-owned assets tax (POAT) can arise in respect of land or chattels if:•the disposal condition would otherwise be met but the...

Personal_tax_img8
27 Jun 2019

IntroductionThe state pension is paid from the National Insurance Fund, with contributions by current taxpayers used to fund the current state pensions. There is no...

Personal_tax_img6
27 Jun 2019

Chattels are defined as “any tangible moveable property (or, in Scotland, corporeal moveable property) other than money”. FA 2004, Sch 15, para 1Chattels include, for...

Personal_tax_img9
27 Jun 2019

Interest can best be thought of as compensation for the use (or retention) by one person of a sum of money which belongs to another. Therefore, in order for a payment to...

Personal_tax_img7
27 Jun 2019

There are anti-avoidance rules in place to ensure that the tax reliefs available for charitable giving are not abused. The first provisions to be introduced related to...

Personal_tax_img3
27 Jun 2019

IntroductionA dividend is a distribution of profit by a company to its shareholders.A dividend is not only a payment in cash. It can be the issue of new shares in...

Personal_tax_img8
27 Jun 2019

If the Tax Return shows that a repayment is due, the taxpayer can claim a repayment or leave it as a credit on his statement of account.The quickest and safest method is...

Latest Guidance
Personal_tax_img6
Personal Tax

Overseas pensions are those paid by or on behalf of a person outside the UK. For these purposes, the Isle of Man, Jersey and Guernsey are classed as overseas.This note...

Personal_tax_img
Personal Tax

In addition to the personal allowance, blind individuals receive a further allowance (£2,450 in 2019/20; £2,390 in 2018/19). In order to qualify for the allowance,...

Personal_tax_img8
Personal Tax

An individual can make an irrevocable election to opt out of the pre-owned asset tax (POAT) regime as regards a particular asset. The downside is that the asset will then...

Personal_tax_img6
Personal Tax

Excluded transactionsNo charge to pre-owned assets tax (POAT) can arise in respect of land or chattels if:•the disposal condition would otherwise be met but the...

Personal_tax_img8
Personal Tax

IntroductionThe state pension is paid from the National Insurance Fund, with contributions by current taxpayers used to fund the current state pensions. There is no...

Personal_tax_img6
Personal Tax

Chattels are defined as “any tangible moveable property (or, in Scotland, corporeal moveable property) other than money”. FA 2004, Sch 15, para 1Chattels include, for...

Personal_tax_img9
Personal Tax

Interest can best be thought of as compensation for the use (or retention) by one person of a sum of money which belongs to another. Therefore, in order for a payment to...

Personal_tax_img7
Personal Tax

There are anti-avoidance rules in place to ensure that the tax reliefs available for charitable giving are not abused. The first provisions to be introduced related to...

Personal_tax_img3
Personal Tax

IntroductionA dividend is a distribution of profit by a company to its shareholders.A dividend is not only a payment in cash. It can be the issue of new shares in...

Personal_tax_img8
Personal Tax

If the Tax Return shows that a repayment is due, the taxpayer can claim a repayment or leave it as a credit on his statement of account.The quickest and safest method is...