Mar 11, 2020 | Government AnnouncementsPersonal Tax
Tapered annual allowance threshold raised In 2020/21, the two thresholds at which the tapered annual allowance applies will both increase by £90,000. This applies to individuals with a threshold income of more than £200,000 and an adjusted income above £240,000. For...
Mar 11, 2020 | Business TaxGovernment Announcements
Entrepreneurs' relief Entrepreneurs' relief lives for another tax year after being under threat prior to the Spring Budget, but a key change will come in for 2020/21. The rules allow business owners of two years or more to pay capital gains tax at 10%, instead of 20%....
Feb 24, 2020 | Government Announcements
To help people avoid phishing scams, the tax authority has issued an updated list of genuine contacts you might receive from HMRC in the coming months. The period from April to May is a particular hotspot because that's when tax rebates are processed, making fake...
Feb 13, 2020 | Government Announcements
Employers in England, Scotland and Wales will have to provide eligible workers with a new entitlement to parental bereavement leave and pay from April. This will provide parents who lose a child or suffer a stillbirth with a day-one employment right to take two weeks...
Feb 10, 2020 | Government Announcements
Upcoming changes to the off-payroll working rules will only apply to payments made for services provided on or after 6 April 2020. A government report into the off-payroll rules extending to the private sector is due to be published before the end of February. Ahead...
