This guidance provides a summary of key tax rates, allowances and reliefs for 2017/18, 2018/19 and 2019/20.
HMRC contact information, including telephone numbers, online options and postal addresses, together with tips.
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Rishi Sunak delivered his first Budget of 2020 on 11 March. The Tax Faculty provides its summary of all the key tax announcements in this TAXguide.
This information is based on the author’s work, Practical International Tax Planning for UK Businesses and is reproduced with the consent of the publishers, Croner-i
This guide is intended as a roundup of some of the changes to registered pension schemes since 2006. It is not intended to be a definitive guide to pensions, more an index alerting the reader to changes that perhaps require further research.
Company Directors - PAYE Real Time Information. A questions and answers guidance note.
Features and articles
Highlights from the broader tax news week ending 20 January, which includes: HMRC to amend CJRS guidance over annual pay, updates to ICAEW's support on options for self-assessment deadlines, HMRC webinar to help avoid pension scams, and potential VAT implications for Gibraltar post-Brexit.
While annual allowance tapering was introduced on 6th April 2016, the full impact began to be felt by clinicians more recently.
Tilney reminds us that time spent now could pay big dividends in the future, particularly with changes to pension tax relief on the cards again.
13 October: ICAEW has questioned whether it is the right time to change rules on tax relief on pension contributions which would increase administrative burdens.
UK nationals risk up to 55% taxation if pension funds exceed the lifetime allowance on any one of 13 Benefit Crystallisation Events (BCEs) and 25% on some overseas pension transfers. But there are steps to take to limit exposure, writes Jason Porter, director of specialist expatriate tax and wealth management firm Blevins Franks.
7 September: ICAEW’s Tax Faculty is meeting with HMRC to discuss its power to issue simple assessments on 11 September and is urging members to share their feedback.
Ross Welland examines the 2020 Upper Tribunal case of HMRC v Sippchoice concerning in-specie pension contributions. He covers the facts, the case itself and the implications of the tribunal’s decision.
14 July 2020: The National Audit Office has stated that vulnerable claimants struggle with Universal Credit and face financial difficulties, while administration costs are still too high.
Bloomsbury Core Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.
Chapter providing practical advice on pensions and life assurance in relation to inheritance tax planning.
A full chapter on the taxation of pensions and benefits in the UK, written for tax practitioners.
Expert guidance on pensions and life assurance taxation in relation to business partnerships.
Advice on tax planning for pension schemes, written for anyone who advises or runs a family or owner-managed company.
Chapter providing information for tax advisers on UK tax rules relevant to pension schemes.