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Identifying phishing emails

  • Posted On: 01 June 2017
Identifying phishing emails HMRC publishes guidance on the subject of phishing and bogus emails. The document called Genuine HM Revenue and Customs contact and recognising phishing emails includes details of emails, letters, text messages, and bogus calls used by scammers and

Inheritance Tax on wedding gifts

  • Posted On: 01 June 2017
Inheritance Tax on wedding gifts The Institute of Chartered Accountants in England and Wales (ICAEW) has issued a timely reminder to anyone attending a wedding (or civil ceremony) this summer and planning to give a cash gift. The gift will be exempt from Inheritance Tax (IHT) once

Gift Aid donations

  • Posted On: 01 June 2017
Gift Aid donations The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs (CASC) concerned can take a taxpayer’s donation and, provided all the qualifying conditions are met, can reclaim the basic rate tax allowing for an

Advisory fuel rates for company cars

  • Posted On: 01 June 2017
Advisory fuel rates for company cars The latest advisory fuel rates became effective on 1 June 2017. Fuel rates are reviewed four times a year with changes taking effect on 1 March, 1 June, 1 September and 1 December. You can use the previous rates for up to 1 month from the date the

Making a disclosure to HMRC

  • Posted On: 25 May 2017
Making a disclosure to HMRC HMRC has updated their online guidance for individuals and companies who have a disclosure to make that isn’t covered by a current HMRC campaign or the Worldwide Disclosure Facility. The guidance is relevant for disclosures relating to income tax,

Renewing tax credit claims

  • Posted On: 25 May 2017
Renewing tax credit claims Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2017. Claimants who do not renew on-time may have their payments stopped. HMRC has started sending tax credits renewal packs to tax

Reminder to claim the marriage allowance

  • Posted On: 25 May 2017
Reminder to claim the marriage allowance The marriage allowance came into force on 6 April 2015 and allows lower earning couples to share part of their personal tax-free allowance. The marriage allowance is available to married couples and those in a civil partnership where a spouse or

Lloyds bailout completed

  • Posted On: 25 May 2017
Lloyds bailout completed The government has announced that all of the government’s shares in Lloyds acquired during the financial crisis have now been sold. The sale of the final tranche of shares in the Lloyds Banking Group brings the amount recovered through sales and

Using your own car for work

  • Posted On: 25 May 2017
Using your own car for work Under certain circumstances, an employee can be paid a tax-free allowance by their employers when using their own car, van, motorcycle or bike for work purposes. It is important to note that this tax-free allowance does not include journeys to and

Tax Diary June/July 2017

  • Posted On: 22 May 2017
1 June 2017 - Due date for Corporation Tax due for the year ended 31 August 2016. 19 June 2017 - PAYE and NIC deductions due for month ended 5 June 2017. (If you pay your tax electronically the due date is 22 June 2017.) 19 June 2017 - Filing