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
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.
6 July 2020: The National Audit Office reports that overpayments from fraud and error reached their highest ever estimated rate in 2019-20.
1 July 2020: With London Climate Action Week upon us, Andrew Ratcliffe asks what government, business and individuals can do to tackle climate change and cut carbon emissions off the back of the COVID-19 crisis.
29 June 2020: As part of this week’s London Climate Action Week, Andrew Ratcliffe, Chair of ICAEW’s Sustainability Committee, asks whether lockdown will lead to sustained action by individuals, government and business.