Income Tax Archives - Page 9 of 14

02 May 24

Self-employed tax basis period reform

The self-employed tax basis period reform has changed the way trading income is allocated to tax years. Under the reforms, the tax basis period has changed from a ‘current year

18 Apr 24

Changes to Scottish Income Tax rates 2024-25

A reminder of the changes to Scottish Income Tax rates for the 2024-25 tax year. It was announced as part of the Scottish Budget measures that a new tax band called the advanced

04 Apr 24

Claim tax relief if working from home

If you are an employee who is working from home, you may be able to claim tax relief for part of your household bills that are related to your work. If your expenses or allowances

21 Mar 24

What a tax code means

The letters in your tax code signify your entitlement (or not) to the annual tax free personal allowance. The tax codes are updated periodically and help employer’s work out how

21 Mar 24

Tax-free child care

HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for Easter school holidays childcare costs. The TFC scheme can help parents of

21 Mar 24

Declare a beneficial interests in joint property

The usual tax position for couples who live together with their spouse or civil partners is that property income held in joint names is divided 50:50. This is regardless of the

14 Mar 24

Still time to register for the Marriage Allowance

There is still time to register for the marriage allowance before the current tax year ends on 5 April 2024. The marriage allowance applies to married couples and those in a civil

14 Mar 24

Tax on savings interest

If you have taxable income of less than £17,570 in 2023-24 you will have no tax to pay on interest received. This figure is calculated by adding the £5,000 starting rate limit for

14 Mar 24

Eligibility for replacement of domestic items relief

The replacement of domestic items relief enables landlords to claim tax relief when they replace movable furniture, furnishings, household appliances and kitchenware in a rental

07 Mar 24

Spring Budget 2024 – High Income Child Benefit Charge

The High Income Child Benefit Charge (HICBC) came into force January 2013 and has applied to taxpayers whose income exceeds £50,000 in a tax year and who are in receipt of child

Income Tax

Self-employed tax basis period reform

Changes to Scottish Income Tax rates 2024-25

Claim tax relief if working from home

What a tax code means

Tax-free child care

Declare a beneficial interests in joint property

Still time to register for the Marriage Allowance

Tax on savings interest

Eligibility for replacement of domestic items relief

Red tape eased for new cafes and bars

Choosing a Business Rates Agency

IHT Unused Pension Funds and Death Benefits changes

SJPR