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Personal Tax Updates & Information

Date: 7th December 2018 | Post by: HaesCooper | Category: Personal Tax Updates & Information
It’s important to make sure you have reviewed your assets and decided what you want to happen to those assets on your death i.e. make a Will or ensure that an existing Will is updated. Also, ensure that your wishes as to what should happen to your assets are known through a Letter of Wishes. Plan...
Date: 18th July 2018 | Post by: HaesCooper | Category: Company Tax Updates & Information, HMRC Updates, Personal Tax Updates & Information
  In 2015, the HMRC announced that they were launching an initiative to improve the efficiency of the UK tax system, by moving both personal and business tax online – it's called Making Tax Digital (MTD). By 2020, the HMRC has set the target of migrating the majority of business, self-employed and...
Date: 20th April 2017 | Post by: HaesCooper | Category: Personal Tax Updates & Information
You’ve missed the 31 July self-assessment payment deadline for your second self-assessment income tax payment on account. What are your options and what can you expect from HMRC? HMRC’s pound of flesh If you’re late paying your July instalment of tax, HMRC will charge interest at 2.75% (3% until 23...
Date: 20th April 2017 | Post by: HaesCooper | Category: Budget News, Company Tax Updates & Information, Personal Tax Updates & Information
The Chancellor has presented the Autumn Statement to Parliament – here's a summary of what was announced. 1. The UK has the fastest growth in the G7 and the deficit is forecast to be halved – but there is still more to do The UK has the fastest growth in the G7, there are more people in work than...
Date: 20th April 2017 | Post by: HaesCooper | Category: Personal Tax Updates & Information
Life insurance can provide a tax-free lump sum for your family when you die. However, a family income benefit policy offers an alternative that has extra tax advantages. How do they work? Lack of savings If you’re thinking about ways to provide for your loved ones, paying into a pension can secure...