Green vans to get tax boost
May 23rd, 2018

The government is looking at ways to incentivised users of vans to go green. According to the statistics, less than one in every two hundred vans (0.4%) bought in 2016/17 was an ultra-low emission model. To tackle this issue, the government is seeking views on reforms to vehicle excise duty, currently charged at a flat […]

IR35 to get a facelift in the private sector
May 22nd, 2018

HMRC is launching a new consultation to make sure that people who effectively work as employees pay the right amount of tax. As announced at the Autumn Budget, the consultation will look at how to increase compliance with the existing ‘off-payroll’ working rules. These rules mean that contractors such as IT and management consultants who […]

Are you due a tax refund
May 17th, 2018

There is something uniquely satisfying about a tax refund. Of course, you must first overpay tax before it can be refunded, but there is a universal joy in receiving a cheque or direct payment to your bank account from HMRC. Occasionally, HMRC will volunteer the information, they may even send you a formal assessment and […]

Stop the Loan Sharks
May 14th, 2018

We have all heard of individuals who have been affected by the nefarious antics of loan sharks, lenders that breach the normal fiscal rules by taking advantage of needy persons who do not qualify for support from mainstream banking sources. The government has announced additional funding to crack down on this activity. Their announcement, published […]

When child benefit becomes a liability
May 9th, 2018

A typical two parent, two child family can claim £34.40 per week in Child Benefit (CB). In a tax year this would amount to £1,789. Often, this becomes part of the family housekeeping and is spent. Consider Mary and John and their two children. John collects the CB, it is paid into his current account […]