The government are considering plans to offer people with serious debt issues time to consider their options. They are seeking views to develop a way to provide individuals in debt with up to six weeks free from further interest, charges and enforcement action. This period…
Month: October 2017
Could you claim a tax refund
If one party to a marriage or civil partnership has earnings below the personal tax allowance (£11,500 for 2017-18) and their spouse does not pay tax at the higher 40% rate, then they should be claiming the Marriage Allowance. For 2017-18 this tax break is…
Gazumping to become a thing of the past
The government seems to be taking steps to streamline the process of buying and selling your home. In particular, they are seeking views on ending the practice known as gazumping: where an offer can be accepted and then disregarded when a higher offer is received.…
Not so trivial benefits
According to HMRC you don’t have to pay tax or NIC on a benefit provided to an employee if: it costs you £50 or less to provide (or the average cost per employee if a benefit is provided to a group of employees and it…