The government’s landmark Making Tax Digital (MTD) for business initiative is set to take effect from 1 April 2019, beginning with MTD for VAT. Here, we take a look at the latest position, and consider the recent delay to some of HMRC’s new digital services. MTD for business: an overview The MTD for business initiative … Continue reading Making Tax Digital: Where Are We Now?
So far more than 100,000 individuals have checked their car benefit and car fuel benefit using HM Revenue and Customs (HMRC) online services. Accessed via the Personal Tax Account, the service allows customers to update HMRC as soon as their circumstances change and check the amounts that are currently reported. It means that they can … Continue reading Drive Through HMRC’s Online Services
Married couples and civil partnerships can now register their interest in the new Marriage Allowance which comes into effect from 6 April 2015. This is separate from the existing Married Couples Allowance which is already available to the over 80’s. The allowance means that an individual whose total income is below the tax threshold (i.e. … Continue reading For Richer or Poorer – The New Marriage Allowance
A tax code is very important as it is used by your employer or pension provider to determine how much tax is deducted from your pay or pension. It isn’t unusual for a tax code to be incorrect, with the HM Revenue & Customs identifying millions of mistakes with individual’s tax codes every year. If … Continue reading Do you know what your tax code is?