Personal Tax

HMRC cuts trigger customer service concerns

Cuts to HMRC's personal tax services over the next 5 years could lead to a drop in customer service quality.

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Home ownership falls to 1986 levels

Purchasing your first property? Home ownership has seen its sharpest fall since the early 2000s.

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Help to Save tax treatment under scrutiny

The Low Income Tax Reform Group is calling for the Help to Save scheme to be exempt from income tax ahead of its implementation.

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Average rent growth slows in May

Renting a home? Average rent for homes across England and Wales is now at £792 per month, an increase of 1.8% over the last 12 months.

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Fewer retirees able to pass on inheritance

Planning on leaving an inheritance to your family? The number of new retirees passing on inheritance to their loved ones has fallen to its lowest level in 6 years.

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Landlords return to property market

Following changes to stamp duty land tax from 1 April 2016, landlords are slowly returning to the buy-to-let property market.

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HMRC call times triple

Average HMRC call waiting times have tripled over the last 18 months, resulting in a loss to taxpayers of £97 million last year.

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Wedding season 2016 – gifts and tax relief

With wedding season fast approaching, the Institute of Chartered Accountants in England and Wales is reminding guests of the tax relief available if they choose to make a gift to a married couple.

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Tax credit overpayment change introduced

A number of changes relating to the way that tax credit overpayments are dealt with have come into force from 6 April 2016.

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Many grandparents planning on passing inheritance to grandchildren

70% of grandparents are planning on leaving an inheritance to their grandchildren, while 55% will ring fence the money to ensure it is passed on, according to research by SunLife.

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