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Savings All Round

by Jessica Garbett | Aug 7, 2014 | personal finance, Tax Help for Old People

The spring budget stated that millions of us would benefit from changes to our savings. Well, they started in June and continue through to April 2015. These changes are designed to help those on lower incomes and we thought this month’s article would serve as a timely...

Pension schemes and inheritance tax

by Jessica Garbett | Jul 26, 2014 | ACCA, pension reform, pensions, personal finance

Making the right choice and knowing the risks are important when considering options for a pension. For registered pension schemes, the inheritance tax treatment will depend upon the choices made by the individual concerned. The general rule is that if the individual...

Finance Bill proposes further changes to the taxation of trusts

by Jessica Garbett | Jul 21, 2014 | ACCA, capital taxation, personal finance

Further ‘simplifications’ around the taxation of trusts in the pipeline. Prior to 22 March 2006, the taxation of trusts was relatively simple: there were settlements with an interest in possession and discretionary trusts. A special type of discretionary trust was an...

HMRC P800s – Annual Reconcilliation for non Self Assessment cases

by Jessica Garbett | Jun 11, 2014 | personal finance, Tax Help for Old People

Summertime: but the living isn’t always easy Just like ladies’ hats at Royal Ascot and strawberries and cream at Wimbledon, summer would not be the same without some contact from HMRC. Now in their third year, HMRC’s annual tax calculations (P800) are being sent out...

Tax credits: a new duty for payroll providers?

by Jessica Garbett | Jun 4, 2014 | ACCA, employer returns, personal finance, personal taxatation, RTI

With RTI being used to calculate renewal notices, how should employee queries be handled? During May and June HMRC is sending out renewal notices to those people claiming tax credits, but this year there will be a change in the procedure. For the first time HMRC will...

Childcare boost for parents

by Jessica Garbett | Apr 13, 2014 | ACCA, budget, personal finance

Contributed by ACCA, in their own words The Tax-Free Childcare Scheme includes an increased costs cap and will support working families with children under 12 In the Autumn Statement 2013, it was announced that a new childcare scheme would be introduced to...

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Savings All Round

Pension schemes and inheritance tax

Finance Bill proposes further changes to the taxation of trusts

HMRC P800s – Annual Reconcilliation for non Self Assessment cases

Tax credits: a new duty for payroll providers?

Childcare boost for parents

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