What we think

Making Tax Digital- What you need to know.

Making Tax Digital (“MTD”) is HM Revenue &  Customs’ (“HMRC”) drive to close the “Tax Gap” and to make the UK the “most digitally advanced tax authority in the world”. It will mean significant changes to how and when we all deal with our tax affairs. Whilst the digitalisation of tax affairs is generally supported, the ambitious timeframe is… Read more

Marriage Allowance

Marriage Allowance – Teething Problems

Some of you may have taken the opportunity to use the marriage allowance to obtain a tax saving of £212 in the 2015/16 tax year by claiming to transfer any surplus tax free personal allowance from one spouse to the other if you are both no more than basic rate taxpayers. We understand that a… Read more

Hammond’s U-Turn. A National Insurance Climb Down

The Chancellor has today made a surprise U-turn on the widely criticised increase to class 4 national insurance rates from 2018, announced in last week’s Budget.  Whilst we welcome the climb down, it is worth noting two things. First, the threshold at which the higher rate of class 4 NIC is applied increases from 6… Read more

Budget 2017 highlights

The main points announced and confirmed today were: Individuals Personal allowance confirmed to increase to £11,500 from April 2017 and £12,500 by 2020 Higher rate threshold to increase to £45,000 from April 2017 and £50,000 by 2020 Class 2 will still be abolished from April 2018 Class 4 national insurance on self-employed will increase to… Read more


HMRC have released some of the more unusual excuses from taxpayers who failed to complete their self-assessment tax return on time. We hope you enjoy this list of silly taxpayer excuses! These include: 1. ‘My tax return was on my yacht…which caught fire’ 2. ‘A wasp in my car caused me to have an accident… Read more