HFM TAX BLOG

02.01.2019

Paying Your Self-Assessment Tax Bill

Paying your Self-Assessment Tax bill is never enjoyable, and especially if you just don’t have the cash available. 31 January is the date by which any arrears of tax for 2017-18 need to be settled, together with a payment on account for 2018-19, if one is due. Those who have completed their tax returns for[…..]

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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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