personal taxatation Archives - Page 41 of 47 - Whitefield Tax - Isle of Wight Accountants

Transferable Personal Allowances

by Jessica Garbett | Feb 26, 2015 | personal taxatation

From April 2015 it will be possible, in some circumstances, to transfer £1,000 of your personal allowances to your spouse/civil partner. It can only happen if the recipient of the transferred allowance is a basic rate taxpayer and involves both parties making a claim...

Understanding the Finance Bill 2015

by Jessica Garbett | Feb 24, 2015 | ACCA, budget, business taxation, capital taxation, HMRC, personal finance, personal taxatation, property taxation

A summary of the key provisions included in the Finance Bill 2015 and measures that have an immediate effect. Tax rates and allowances Personal tax 2015/16: personal allowance increased to £10,600 basic rate threshold increased to £31,785 capital gains tax annual...

Beware of the ‘Penalty’ shoot-out!

by Jessica Garbett | Feb 2, 2015 | personal taxatation, Tax Help for Old People

By the time you read this the deadline for filing your 2013/14 Self-Assessment with HMRC will have passed. The last date to file online was 31st January 2015. If you have filed your return and paid your tax you are fine. However those who are less organised, or are...

Tax return white space

by Jessica Garbett | Jan 28, 2015 | ACCA, enquiries and tax disputes, HMRC, personal taxatation

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 illustrates. In the case of Charlton and Others v HMRC the taxpayers...

High income child benefit charge – an ACCA refresher

by Jessica Garbett | Jan 24, 2015 | ACCA, HMRC, personal finance, personal taxatation

The high income child benefit tax charge is a unique tax, in that it seeks to claw back a state benefit, namely child benefit through the self-assessment tax system. This tax applies where one of the parents/guardians has income in a tax year of more than £50,000. The...

Clamping down on tax avoidance

by Jessica Garbett | Jan 23, 2015 | ACCA, business taxation, enquiries and tax disputes, ethics, HMRC, personal taxatation

The Finance Act 2014 contains a number of measures to minimise tax avoidance. In recent years the government has clamped down significantly on tax avoidance schemes, in particular introducing the Disclosure of Tax Avoidance Schemes (DOTAS) which obliges promoters and...

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Transferable Personal Allowances

Understanding the Finance Bill 2015

Beware of the ‘Penalty’ shoot-out!

Tax return white space

High income child benefit charge – an ACCA refresher

Clamping down on tax avoidance

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