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Latest blog posts

Financial Institution Notice

Ian Marlow

The recently published Finance Bill 2020/21 introduced the new Financial Institution Notice (FIN). A FIN allows HMRC to legally require banks and other financial institutions to provide relevant details about a specific taxpayer. HMRC will use FINs to check a person’s tax position and also to help with debt collection.HMRC must provide the taxpayer with...

Summer Statement 8 July 2020

Ian Marlow

The Chancellor, Rishi Sunak continued with his campaign to support the business and jobs community today, 8 July 2020, as firms engage with the disruption caused by the coronavirus outbreak and the measures taken to control infection. The main thrust of his announcements during his Summer Statement concerned his nominated Plan for Jobs 2020, details...

Jointly Owned Property Rental Income

Ian Marlow

I have a question about jointly owned property rental income. My husband and I jointly own a rental property, the income of which we declare 50:50 on our Tax Returns. I have been promoted and will be a higher rate taxpayer going forward. Is it possible for my husband to be taxed on a greater...

FREE HFM TAX APP

HFM Tax is one of the very first accountancy firms in London to launch a free mobile App. Our app is packed full of some really useful Tax Tables, Calculators and important dates. Download now.

FREE HFM TAX APP