Parents slow to embrace tax-free childcare

More than 91,000 families in the UK took advantage of tax-free childcare in December 2018, the latest government statistics have revealed. Tax-free childcare provides help with childcare costs for working parents who earn more than £120 a week and less than £100,000 a...

Govt. proposes new stamp duty surcharge

The Government is consulting on a new stamp duty surcharge for homebuyers who are not resident in the UK. Ministers have said they recognise the domino effect caused by non-UK residents purchasing homes and driving house prices up for buyers in England and Northern...

Tax trap hits almost 1m over-55s

Almost one million over-55s who took advantage of the right to withdraw from their pension funds between 2015 and 2018 may get stung on tax as a result, according to HMRC. Tax relief is usually available on pension contributions up to £40,000 per year. But once an...

Scottish Govt. reaches deal to pass Budget

The Scottish Draft Budget announced in December 2018 looks set to be approved, following a deal between the SNP and the Scottish Green Party. Scottish Finance Secretary Derek Mackay confirmed on 31 January 2019 that he had reached an agreement with the Green Party to...

Self-assessment: the final countdown

Taxpayers who have yet to complete their self-assessment tax return for the 2017/18 tax year have until midnight on 31 January 2019 to file it online - or face a fine. People who are self-employed or have more than one source of income are usually required to complete...