Pay less tax

Will we have to pay any tax if we gift a property to our Grandchildren?

Thursday, 18 February 2016 | Article

We would like to know what the tax implications of the gift would be. Also, how do we go about gifting it to them?

The love tax… is a little old thing, which we can pay together

Friday, 12 February 2016 | News

Whoever said that accountants lacked imagination? The image of George Osborne flying through the air armed only with a nappy and a bow and arrow certainly requires some sort of creative bravery.

Flood victims to avoid late tax return fines

Tuesday, 26 January 2016 | News

Tax payers hit by flooding won’t be fined if they’re late filing their self-assessment returns, after many homes and businesses were struck by bursting rivers in December.

3.2m tax returns outstanding: don't miss the deadline

Monday, 25 January 2016 | News

3.2 million people have yet to file their self-assessment tax return and with just over one week left and failure to do so resulting in a fine of up to £1,600, Moneywise explains what you need to know.

Autumn Statement 2015: tax rates and allowances for 2016/17

Thursday, 28 January 2016 | News

George Osborne today confirmed the income tax allowance for 2015/16 will rise to £11,000, equivalent to £212 a week of tax-free earnings for all but the highest paid.

How can I give my son a tax-free gift of £50,000 towards his first home?

Friday, 13 November 2015 | Question and Answer

You don’t need to pay inheritance tax on up to £3,000 worth of gifts each tax year. This is called the ‘annual exemption’.

HMRC leaves taxpayers scratching their heads

Thursday, 05 November 2015 | News

Half of all telephone calls to HM Revenue and Customs go unanswered - meaning many people with questions about the complicated UK tax system are being left adrift.

Will you lose out in tax credit cuts?

Tuesday, 25 August 2015 | Article

Familes who receive tax credits to supplement their income could find themselves more than £1,000 a year worse off following cuts to the welfare budget.

Government could merge income tax and national insurance

Thursday, 23 July 2015 | News

The government is reviewing the possibility of merging income tax and national insurance (NI) into a single tax to make things simpler for taxpayers.

Summer Budget 2015: Tax credits to be limited to two children

Wednesday, 08 July 2015 | News

State support provided to families through tax credits will now be limited to two children, which means that any further children born after April 2017 won’t be eligible for support.