Category Archives: Tax Stories

RTI and Directors Loan Accounts

The new RTI regime (Real Time Information) is just around the corner now and payroll is about to change for ever. Accountants and payroll agencies are getting to grips with the new reporting requirements and trying to iron out all … Continue reading

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Silly season for tax codes

It’s that time of year when HMRC dish out new tax codes and it seems that half the time they get them wrong. One of their most common errors is to deduct investment income or property rentals from your code … Continue reading

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When the boot is on the other foot

Politicians are always moaning about all those nasty tax avoiders and how we should all pay “the right amount of tax” regardless of what the law says. Well here’s a case where the boot was on the other foot and … Continue reading

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The new tax on Child Benefit – What you can do about it

As most parents now know only too well, the new tax on Child Benefit kicked in on 7 January for all families where someone has income of more than £50,000 a year. We are told you can either pay the … Continue reading

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Tax Avoidance – Shades of Grey

Amidst the current furore over tax avoidance by both corporate giants and wealthy individuals, little has been said about the actual nature of tax avoidance. The difference between avoidance and evasion was well understood once. Avoidance was legal, evasion was … Continue reading

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Personal Service Companies – Time for some Truth

Another subject that dominated the front pages for a while was personal service companies, as used by senior civil servants and BBC celebrities to save tax on their earnings. This caused quite a stir when it was exposed by the … Continue reading

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