Feb 7, 2020 | Personal Tax
The Scottish Government has decided to freeze all income tax rates, plus the higher and top-rate thresholds for 2020/21. Assuming the personal allowance remains at £12,500, only the basic and intermediate thresholds in Scotland are set to rise in line with inflation....
Feb 4, 2020 | Personal Tax
Nearly a million taxpayers missed last week's 2018/19 self-assessment deadline, according to HMRC. Official statistics showed, however, that a record 11,122,967 taxpayers out of 11.7m beat the midnight self-assessment deadline on 31 January 2020. Those with more than...
Feb 3, 2020 | Personal Tax
The current 40% inheritance tax rate is "unfair" and should be reduced to 10% in the Spring Budget, a cross-party group of MPs has claimed. Inheritance tax usually kicks in when the value of an estate exceeds the tax-free threshold of £325,000. Each year, an...
Feb 3, 2020 | Personal Tax
The current 40% inheritance tax rate is "unfair" and should be reduced to 10% in the Spring Budget, a cross-party group of MPs has claimed. Inheritance tax usually kicks in when the value of an estate exceeds the tax-free threshold of £325,000. Each year, an...
Jan 27, 2020 | Personal Tax
Around three million taxpayers have until midnight on Friday to submit tax returns for 2018/19, according to HMRC. The Revenue said that more than 8.5m taxpayers have submitted returns through self-assessment one week before the 31 January deadline. A record-high of...
