In the face of Brexit uncertainties and the recent Coronavirus outbreak the new Chancellor, Rishi Sunak, was faced with falling economic indicators, the need to boost NHS services and was consequently limited in his options to spend on plans to... read more

The higher income child benefit charge applies whenever  a couple claiming child benefit has an adjusted net income of £50,000 or more. The charge claws back 1% of the child benefit for every £100 by which the adjusted net income exceeds... read more

Following on the last blog with HMRC's list of unbelievable excuses, here is their guidance on what they consider a reasonable excuse for a late tax return return: What may count as a reasonable excuse A reasonable excuse is something that stopped... read more

It is the time of year when it is wise to give some consideration to tax planning to make the upcoming tax year as tax effective as possible.  And there may also be some changes in the budget next month... read more

Every year HMRC receives some imaginative excuses and expense claims following the 31 January Self Assessment deadline. This year HMRC has highlighted 10 of the most weird and wonderful tax return excuses they have received from customers who missed the deadline over... read more

The end of tax year is a popular accounting date for many businesses, but for those of us with a year-end accounting date of 31 March 2020, reviewing your management accounts for the ten months to the end of January... read more

In just a few months the present tax year closes, 5 April 2020, so now is the time for some tax planning. After this date, a whole raft of 2019-20 tax planning options for individuals will cease to be available. These... read more