Personal Tax Guidance

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We have written detailed tax guidance with other supplementary pages to help you keep your customers keep abreast of tax policy updates.
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Latest Guidance
Personal_tax_img3
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...

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_img4
13 Mar 2020

Two income tax simplification measures were introduced from 2013/14 onwards to reduce the administrative and regulatory burden on small unincorporated...

Personal_tax_img4
13 Mar 2020

IntroductionStamp duty land tax (SDLT) was introduced for land transactions with effect from 1 December 2003. Whereas stamp duty was a tax on...

Personal_tax_img6
13 Mar 2020

The £1,000 allowances for property and trading income were introduced from 2017/18 onwards. The trading income allowance also covers...

Personal_tax_img
13 Mar 2020

OverviewEssentially, capital allowances are a form of tax-approved depreciation on certain capital assets. Relief is given by treating the capital...

Personal_tax_img10
13 Mar 2020

In general terms, a charge to capital gains tax arises when a chargeable person makes a chargeable disposal of a chargeable asset. The disposal may...

Personal_tax_img7
13 Mar 2020

The proforma for calculating an individual’s tax liability is very important. The method for arriving at the tax due is set out step by step in...

Personal_tax_img10
13 Mar 2020

One of the most common benefits offered by employers to their employees is the provision of a company car and fuel for private motoring. See the Fuel...

Personal_tax_img4
13 Mar 2020

Sole traders and partners are liable to Class 2 and Class 4 national insurance contributions (NIC).Class 2 NIC is a fixed weekly amount that is paid...

Latest Guidance
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_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_img4
Personal Tax

Two income tax simplification measures were introduced from 2013/14 onwards to reduce the administrative and regulatory burden on small unincorporated businesses and...

Personal_tax_img4
Personal Tax

IntroductionStamp duty land tax (SDLT) was introduced for land transactions with effect from 1 December 2003. Whereas stamp duty was a tax on documents, SDLT is a tax...

Personal_tax_img6
Personal Tax

The £1,000 allowances for property and trading income were introduced from 2017/18 onwards. The trading income allowance also covers miscellaneous income from the...

Personal_tax_img
Personal Tax

OverviewEssentially, capital allowances are a form of tax-approved depreciation on certain capital assets. Relief is given by treating the capital allowances as an...

Personal_tax_img10
Personal Tax

In general terms, a charge to capital gains tax arises when a chargeable person makes a chargeable disposal of a chargeable asset. The disposal may produce a profit...

Personal_tax_img7
Personal Tax

The proforma for calculating an individual’s tax liability is very important. The method for arriving at the tax due is set out step by step in ITA 2007, s 23. This...

Personal_tax_img10
Personal Tax

One of the most common benefits offered by employers to their employees is the provision of a company car and fuel for private motoring. See the Fuel for company cars and...

Personal_tax_img4
Personal Tax

Sole traders and partners are liable to Class 2 and Class 4 national insurance contributions (NIC).Class 2 NIC is a fixed weekly amount that is paid annually through the...