Consider restarting child benefit
The clawback threshold for the high-income child benefit charge (HICBC) was increased to £60,000 from 6 April 2024. If you are entitled to child benefit and you or your higher-earning partner’s adjusted net income (ANI) is above £60,000 it is possible that you...
Cryptoasset investors urged to declare gains
HMRC has reminded investors in cryptoassets that they should declare any income or gains above the tax-free allowance on a tax return.
Student loans and basis period reform
New guidance from HMRC confirms that profits used to assess student loan repayments and entitlement to student finance will include transitional profits from basis period reform.
Subpostmasters’ compensation
There are currently three forms of compensation being awarded to subpostmasters following the Horizon scandal and each will have different tax implications.
Mandatory payrolling of benefits
The reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026.