Tax Saving Accountants

Married Couple’s Allowance Flop

The tax break that was introduced with the intention of helping four million married couples and 15,000 civil partners – where one parent does not work or does so part time to take care of children – has been branded as a flop due to the low take-up.   If you ever needed a reason […]

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Tax Saving Accountants

Corbyn and Cameron Clash over Google Tax Deal

Cameron defends the Google Tax deal in Commons clash with Corbyn. Google has been at forefront of the mainstream media following their latest tax deal with UK tax officials. A deal made between Google executives and UK tax officials for them to pay a mere £130m in back taxes dating back to 2005 caused a row about whether […]

Tax Saving Accountants

Have You Heard About HMRC’s New Online Tax Return System?

This brand new service is part of the initial steps towards a fully digitalised tax system.   Tax returns are still an annual burden for many, but this year millions should expect to be redirected to a brand new and easier online tax return system by the end of December to complete their self-assessment. The […]

Tax Saving Accountants

Council Tax To Rise By a Staggering £200 by 2020

Local Government Association warns of the council tax bills that are due to cost £200 more for band D properties Chancellor George Osborne has given extra fundraising powers to local authorities, by allowing any who are responsible for adult social care to increase council tax by 2pc above the existing limits – costing Band D […]

Tax Saving Accountants

Self-Employment Skyrockets!

The latest ONS figures show that self-employment is here to stay After seven months of being in decline, the UK has seen the figures of self-employment rise significantly. The report was published by the Office for National Statistics (ONS) November 11th 2015. The number rose by 30,000 during the third quarter of 2015. Which is a […]

Tax Saving Accountants

HMRC’s Negligence Regarding Incorrectly Filled Tax Returns

Millions left in the dark regarding their tax returns, PAYE slips and other financial documents due to unanswered HMRC phone calls In the first half of the year, the HMRC were only able to successfully answer half of all calls made to them. With 39pc of inquiries dealt with within five minutes. As a result, […]

Tax Saving Accountants

Buy-to-Let Tax for Landlords

Landlords will now be punished with interest rate rises for running a business and investing in buy-to-let properties. Landlords, who put their faith with Conservatives for their extensive knowledge of the private renting sector, were quickly disillusioned once the Chancellor, George Osborne announced his new plans to regulate buy-to-let mortgages. In a surprise announcement, the […]

Tax Saving Accountants

Facebook’s Tiny Corporation Tax Bill

Supposedly because the company is not profitable here. Year after year, we have dealt with countless headlines of massive multimillion companies dodging their UK tax payments and saving millions. Facebook is the latest company under the spotlight. The social networking giant who has 1.39 billion active users each month has raised many eyebrows after it […]

Tax Saving Accountants

New Pension Rules may be Unwittingly Broken by over-55s

Thousands of older Brits who plan to use new pension rules to pay off their debts may find themselves paying 70% tax on withdrawals which they were expecting to be tax-free if they continue saving for their retirement. This quirk was designed to prevent pensioners from abusing the system, however it means that those over […]

Tax Saving Accountants

UK Government rejects higher Diesel Tax to deal with Pollution

The British government has rejected the idea of raising taxes on diesel vehicles in order to reduce air pollution. Britain has been consistently failing to meet the European Union limits on nitrogen dioxide-produced by diesel engines. Nitrogen dioxide and diesel particular matter is especially harmful to respiratory systems. The parliamentary Environmental Audit Committee published a […]

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