The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which child benefit starts being clawed back and there has been no increase in that threshold since the High Income Child...
The Scotland Act 2016 provides the Scottish Parliament with the power to set all income tax rates and bands that will apply to Scottish taxpayers’ non-savings, non-dividend (NSND) income for tax year 2018/19. From 6 April 2018, there will be significant discrepancies...
HMRC returns from personal tax investigations have jumped by 64% in the last year, as the threat of expensive and drawn out court action has discouraged people from fighting their tax claims. HMRC has collected £1.4 billion in 2016/17 from investigations into...
HMRC’s Executive Chairman Edward Troup has warned taxpayers that HMRC will not compromise when taking legal action against them. Taxpayers can, therefore, expect HMRC to maintain its increasingly hard-nosed attitude in any upcoming investigation. Troup was speaking at...
