Scottish Rate of Income Tax

From April 2016, the Scottish Parliament has devolved powers to set the Scottish Rate of Income Tax (SRIT). Within the last few weeks it has been widely publicised that this may mean a higher rate of Income Tax in Scotland as compared to the Income Tax rates in other...

Time to Pay Arrangements – Mandatory Direct Debit

This in from HMRC today in their own words: I want to give you advance notice about a change to the way HMRC will expect customers to pay future agreed time to pay arrangements. As you may know we can use discretionary powers to agree to payment of a debt by...

Problems paying for your tax?

Many people who are unable to pay their tax on time will worry about the potential consequences, but the worst thing is to simply ignore the matter and hope it will just go away. The situation may not be as bad as you think and the golden rule is to act quickly. If...