HFM TAX BLOG

20.12.2018

Merry Christmas and a Happy New Year!

    Please note our offices are closed from the end of Friday 21st December 2018 and reopen on Wednesday 2nd January 2019.

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15.12.2018

Fake HMRC phishing scams

Fake HMRC phishing scams continue to trick taxpayers into parting with their well-earned cash. The HMRC website contains the following helpful information to save you being caught … Email addresses HMRC will never send notifications by email about tax rebates or refunds. Do not: visit the website open any attachments disclose any personal or payment information A[…..]

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09.12.2018

Are you eligible to claim the Marriage Allowance?

Marriage Allowance lets you transfer £1,190 of your Personal Allowance to your husband, wife or civil partner – if they earn more than you. This reduces their tax by up to £238 in the tax year. To benefit from this arrangement, you (as the lower earner) must have an income below your Personal Allowance – this is[…..]

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02.12.2018

Christmas Time Tax-free Perks

Christmas time tax-free perks are available if you are organising a Christmas party for your staff. Many businesses take time out to provide their employees with a work based party or similar event. If you are concerned about the tax consequences of Christmas celebrations, read on. There are ways to organise these events without falling[…..]

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20.11.2018

When is Capital Gains Tax payable?

Any taxpayer is allowed to make tax-free capital gains of £11,700 during the 2018-19 tax year. There are also a number of circumstances when a disposal does not create a taxable gain. These include: The sale of personal assets worth less than £6,000 Gifts to your spouse or civil partner Gifts to a charity. Gains when[…..]

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19.10.2018

Tax Relief When Working From Home

Working from home for at least part of the working week is more common than ever. But is there any tax relief for employees who work from home and incur costs in doing so, but don’t receive any reimbursement for these from their employer? The relevant legislation states that the employee can only claim relief[…..]

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