The dividend allowance has reduced significantly in recent times, and from 6 April 2024 is only £500. Anyone who receives dividends of more than £500 in a tax year will now have to pay tax on that income, unless their total income falls below the normal tax free personal allowance.But are HMRC doing...
The EDM is a concerning model of engagement aimed at low paid workers in the temporary labour market, which exploits the fault line between employment law status and tax law status. We have had guidance on our website to help workers steer clear of the EDM for many years. However, recently there app...
We have been made aware of a fraudulent letter being sent to individuals, supposedly from HMRC, asking them to send identification and business documents by email. We have checked with HMRC and this letter is a scam. Here we look at the ways you can protect yourself against this scam, and the import...
Have you received a communication from HM Revenue and Customs (HMRC) suggesting your tax might be wrong and/or asking you to double-check your tax position? If this communication seems to be written quite generally and is not a formal enquiry notice or compliance check, it may be part of a ‘one to m...
A recent poll suggests a lot of adults in the UK do not understand how income tax works. It is important to know how income tax works, as it might affect decisions you make in relation to work or your finances. In this article we try to demystify income tax and how different rates apply to your inco...
A recent poll suggests a lot of adults in the UK do not understand how income tax works. It is important to know how income tax works, as it might affect decisions you make in relation to work or your finances. In this article we try to demystify Scottish income tax and how different rates apply to ...