Blog

The new State Pension
May 21st, 2019

Prior to April 2016, men born before 6 April 1951 and women born before 6 April 1953, qualified for a basic State Pension and an Additional State Pension. If you were born after these dates you will qualify for the New State Pension and will no longer be eligible for the Additional State Pension (unless […]


Tax-free gains 2019-20
May 16th, 2019

There are still a number of sales (disposals) that a UK taxpayer can make that will not incur a charge to the UK’s Capital Gains Tax. For most of us they are limited in extent, after all legislators have had plenty of time to close any favourable loop-holes. For most of us, the major tax-free […]


HMRC and the National Minimum Wage rates
May 14th, 2019

Readers are reminded that from 1 April 2019, the National Living Wage (NLW) and National Minimum Wage (NMW) hourly rates increased to: 25 and over – £8.21 21 to 24 – £7.70 18-20 – £6.15 Under 18 £4.35 Apprentices £3.90 Workers who are entitled to receive these rates as a minimum include: part-time casual labourers, […]


Landlords faced with another tax hit next year
May 9th, 2019

From April 2020, HMRC are changing two important tax concessions that apply to landlords letting property that they as owners have previously occupied at some point as their home (Principal Private Residence (PPR)). The first is the reduction of the present rule that exempts the final 18 months of ownership from any Capital Gains Tax […]


Employers what is Class 1a NIC?
May 8th, 2019

If you have employees, and if one or more of those employees benefit from the use of facilities that you provide, cheap loans, a company car for example, it is well known that you as their employer will need to inform HMRC of the amount of these benefits following the end of the tax year. […]