Brexit - don\'t take your eye off this ball

May 29, 2019

There is no doubt that many of us are heartily tired of the drawn-out Brexit debate, and yet we should not ignore this topic completely.

Opinion seems to be hardening for the so-called “hard”…

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Adventures in trade

May 28, 2019

Readers are reminded that if you profit from a hobby – sell what you produce on a regular basis – you may attract the attention of HMRC.

If your annual sales (income before any costs are deducted)…

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Keeping an eye on the competition

May 23, 2019

If your competitor is a company, there is quite a lot of information you can obtain free of charge. For example, from the Gov.uk website you can obtain the following details:

  • company…

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Income Tax - regional differences

May 21, 2019

You will pay Scottish Income Tax if you live in Scotland, Income Tax if you live in England or Northern Ireland and the Welsh Income Tax if you live in Wales.

At present, the only regional variations…

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The new State Pension

May 21, 2019

Prior to April 2016, men born before 6 April 1951 and women born before 6 April 1953, qualified for a basic State Pension and an Additional State Pension.

If you were born after these dates…

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Income Tax - regional differences

May 21, 2019

You will pay Scottish Income Tax if you live in Scotland, Income Tax if you live in England or Northern Ireland and the Welsh Income Tax if you live in Wales.

At present, the only regional variations…

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Tax-free gains 2019-20

May 16, 2019

There are still a number of sales (disposals) that a UK taxpayer can make that will not incur a charge to the UK’s Capital Gains Tax. For most of us they are limited in extent, after all legislators…

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HMRC and the National Minimum Wage rates

May 14, 2019

Readers are reminded that from 1 April 2019, the National Living Wage (NLW) and National Minimum Wage (NMW) hourly rates increased to:

  • 25 and over - £8.21
  • 21 to 24 - £7.70
  • 18-20…

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Landlords faced with another tax hit next year

May 09, 2019

From April 2020, HMRC are changing two important tax concessions that apply to landlords letting property that they as owners have previously occupied at some point as their home (Principal Private…

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