personal taxatation Archives - Page 35 of 47 - Whitefield Tax - Isle of Wight Accountants

Statutory residence test

by Jessica Garbett | Feb 3, 2016 | ACCA, personal taxatation, residence and non residence

UK residence and domicile status is important in order to determine an individual’s liability to UK taxes. As a general rule taxpayers who are resident in the UK in a tax year are subject to UK tax on their worldwide income, while non-resident individuals are subject...

Marriage allowance transfer

by Jessica Garbett | Feb 1, 2016 | ACCA, personal taxatation

Change will allow the transfer of £1060 under certain conditions. This change applies from 6 April and allows for the transfer of £1,060 of a personal allowance to a spouse or partner where the transferor’s income is less than £10,600 and the recipient doesn’t pay tax...

Tax return reminder – fees and subscriptions

by Jessica Garbett | Jan 28, 2016 | ACCA, personal taxatation

What fees and subscriptions are allowable for an employee for tax purposes? A fee or sub is allowable if: it appears in this list and is a statutory fee or contribution where employees pay this out of their earnings from an employment and are required to pay this as a...

Tax return white space

by Jessica Garbett | Jan 27, 2016 | ACCA, enquiries and tax disputes, HMRC, personal taxatation

The ‘any other information’ box on SA100 can be surprisingly useful. The tax return white space is the innocuous looking ‘any other information’ space at box 19 of the main SA100 tax return. It is more important than it looks, as the case of Charlton and Others v HMRC...

Self assessment tax returns – useful HMRC links

by Jessica Garbett | Jan 26, 2016 | ACCA, business taxation, personal taxatation

A list of relevant HMRC links. How to fill in your tax return Residence, remittance basis etc. notes Capital gains summary notes UK property notes Additional information notes Tax-free and taxable state benefits Rent a room in your home Income tax relief –...

Self assessment – real-life scenarios

by Jessica Garbett | Jan 25, 2016 | ACCA, personal taxatation

With the self-assessment deadline fast approaching, we present three tax driven examples based on real-life scenarios. 1. Treatment of child benefit in a household earning above £50k in self-assessment Scenario: An individual earning less than £50,000 has been...

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Statutory residence test

Marriage allowance transfer

Tax return reminder – fees and subscriptions

Tax return white space

Self assessment tax returns – useful HMRC links

Self assessment – real-life scenarios

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