personal taxatation Archives - Page 22 of 52 - Whitefield Tax - Isle of Wight Accountants

Self assessment exclusions

by Jessica Garbett | Jan 7, 2019 | ACCA, business taxation, capital taxation, HMRC, personal taxatation, property taxation

There are ongoing problems with HMRC’s self assessment tax calculator. HMRC is working to resolve these but the exclusion list is still being updated. This is to reflect fixes made, new issues resulting from those fixes and updated guidance. Where a return can’t be...

Autumn Budget 2018 – Our Summary

by Jessica Garbett | Oct 30, 2018 | budget, business issues, business taxation, capital taxation, IR35, personal taxatation, property taxation, PSC

Our initial review of yesterdays Budget, including the news that reverse IR35 will come into the Private Sector from 2020, is now up on our website: Autumn Budget 2018

HMRC crack down on abuse of rent-a-room relief

by Jessica Garbett | Aug 28, 2018 | ACCA, personal taxatation, property taxation

Concerns that original purpose is being abused. The rent-a-room scheme is a relief which provides that the rent received by an individual from a lodger (currently £7,500) can be exempt from income tax. This limit is halved if another person is also entitled to the...

Employment benefits

by Jessica Garbett | Aug 20, 2018 | ACCA, business taxation, employer returns, personal taxatation

A refresher on the treatment of benefits, form P11D and relevant deadlines. Employment benefits fall into the following broad categories: Salary, which is taxed through to payroll when the money paid to the employee is usually monthly or weekly. Taxable benefits in...

Eligibility of Travel Expenses for the Self Employed

by Jessica Garbett | Aug 3, 2018 | business taxation, personal taxatation

Claiming travel expenses – whether public transport or using your own car (mileage or apportioned costs) – can be confusing. HMRC have been moving the goal posts of late for the Self Employed – in this context Sole Traders or Partners in a Partnership –...

Changes in the taxation of overseas pensions

by Jessica Garbett | Jun 25, 2018 | ACCA, personal taxatation

Rules have changed for overseas pensions. When preparing your 2017/18 tax returns you need to remember that the taxation rules changed from April 2017. What has changed? Before April 2017 the rule was that only 90% of a UK resident’s foreign pension was taxed. HMRC...

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Self assessment exclusions

Autumn Budget 2018 – Our Summary

HMRC crack down on abuse of rent-a-room relief

Employment benefits

Eligibility of Travel Expenses for the Self Employed

Changes in the taxation of overseas pensions

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