If you owe income tax that cannot be collected automatically via PAYE, such as tax on bank interest or the state pension, HMRC may send you a simple assessment notice. This letter shows how much tax HMRC believe you owe based on information they hold. It is important...
If you drive an electric or plug-in hybrid car you will have to pay a new mileage-based charge from April 2028. The electric vehicle excise duty (eVED) will be charged on top of the current vehicle excise duty charge paid by all vehicles. The charge will equal 3p per...
Taxpayers can use HMRC’s new online service to register for the High Income Child Benefit Charge to be collected automatically from their payslip. Since the High Income Child Benefit Charge (HICBC) was introduced, taxpayers have had to choose between opting out...
Many employers offer salary sacrifice schemes enabling employees to give up some of their salary in exchange for an equivalent employer’s contribution into their pension. If you sacrifice some of your salary to your pension, the amount you give up is not counted...
The Chancellor will add two percentage points to the rates of tax paid on income received from dividends, savings and property. If you receive dividends; interest and other savings; or income from a property you rent out as a private landlord you will see an increase...
The Chancellor has announced significant and welcome changes for individuals facing tax bills under the loan charge. The loan charge was introduced in 2019 to tackle ‘disguised remuneration’ schemes, where workers were paid through loans instead of salary...
