There are still a number of sales (disposals) that a UK taxpayer can make that will not incur a charge to the UK’s Capital Gains Tax. For most of us they are limited in extent, after all legislators have had plenty of time to close…
Month: May 2019
HMRC and the National Minimum Wage rates
Readers are reminded that from 1 April 2019, the National Living Wage (NLW) and National Minimum Wage (NMW) hourly rates increased to: 25 and over - £8.21 21 to 24 - £7.70 18-20 - £6.15 Under 18 £4.35 Apprentices £3.90 Workers who are entitled to…
Landlords faced with another tax hit next year
From April 2020, HMRC are changing two important tax concessions that apply to landlords letting property that they as owners have previously occupied at some point as their home (Principal Private Residence (PPR)). The first is the reduction of the present rule that exempts the…
Employers what is Class 1a NIC?
If you have employees, and if one or more of those employees benefit from the use of facilities that you provide, cheap loans, a company car for example, it is well known that you as their employer will need to inform HMRC of the amount…