Sep 11, 2024 | Personal Tax
HMRC isyet to resolve an issue affecting graduates with student loans who complete self assessment and receive benefits-in-kind (BIKs). This problem, identified over a year ago, has led to some taxpayers being overcharged on their student loan repayments. The issue...
Sep 5, 2024 | Personal Tax
Many non-domiciled residents, or non-doms, are considering leaving the UK in response to proposed tax reforms, including abolishing non-dom status. Originally announced by the Conservative Government, Labour has since expanded the scope of these changes, including...
Aug 30, 2024 | Personal Tax
Crypto investors in the UK are being urged to review their tax obligations as HMRC begins issuing “nudge letters” to those it suspects may have underpaid tax on their crypto gains. The Chartered Institute of Taxation (CIOT) has emphasised the importance of accurate...
Aug 21, 2024 | Personal Tax
The Government has launched a pension credit publicity campaign following the means test winter fuel payments decision. Chancellor Rachel Reeves introduced the means test, limiting the benefit to pensioners on pension credit, in response to the “dire state of...
Aug 14, 2024 | Personal Tax
The UK’s non-domiciled (non-dom) individuals will face a significantly stricter tax environment starting in April 2025, as the Government plans to overhaul the current system. Described as “outdated,” the non-dom tax advantage will be phased out, with new regulations...
