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Tax relief for buy-to-let landlords

HMRC has published new guidance on the upcoming changes to tax relief for buy-to-let landlords. From April 2017, tax relief on mortgage costs is to be restricted to the basic rate of tax. Landlords of residential properties have benefited from tax relief on finance charges, such as mortgage interest for many years. This change marks […]

Tax credit renewals deadline

The 31st July was the last day for families and individuals that receive tax credits to renew their tax credit. As in previous years, there was likely last minute rush when it may have been difficult to contact HMRC by phone. Claims can be renewed by post, phone or online. A press release from HMRC released on […]

Legal challenges to workers’ employment status

Uber, the company which enables users to book and pay for a cab using a smartphone app, has appeared before an employment tribunal following claims by two of its drivers that it is acting unlawfully by not offering them employment rights such as holiday pay and the National Minimum Wage. Uber categorises its drivers as […]

Business Rate Relief for charities

Business rates is charged on most non-domestic premises, including most commercial properties such as shops, offices, pubs, warehouses and factories. Charities and not-for-profit organisations can get up to a 100% reduction in their business rates. The relief is also available to Community Amateur Sports Clubs (CASCs). The reduction is made up of a mandatory 80% […]

Pension reforms continue

Major pension reforms came into effect on 6 April 2015. Savers have already taken advantage of the pension freedoms to access over £6 billion from their pension pots. Since April this year, over 159,000 people have accessed over £1.7 billion in this way. The pension rules allow, those aged 55 and over new opportunities to access […]

National Insurance Contributions case

The First-Tier Tribunal (FTT) recently considered a case which examined National Insurance Contributions from as far back as 1971. In this case, the appellant appealed against a decision by HMRC that she had made an election that allowed her to make National Insurance Contributions at a reduced (nil) rate. The appellant argued that she had made […]

10 Aug

Changing landscape for non-doms

From April 2017, new rules are set to be introduced that will significantly change the circumstances under which non domiciled (non-dom) status can be claimed by those that are UK tax resident. The changes will affect those who have lived in the UK for the last 15 years or more and who seek to claim […]