Monthly Archives: June 2015
Cashing in your pension pot
From April 2015, persons aged 55 years or older, with defined contribution personal pension pots, can consider cashing in the value accumulated in their fund. Certainly, anyone considering this course of action should take professional advice from their independent financial … Continue reading
Tax Diary July/August 2015
1 July 2015 – Due date for Corporation Tax due for the year ended 30 September 2014. 6 July 2015 – Complete and submit forms P11D return of benefits and expenses and P11D (b) return of Class 1A NICs. 8 … Continue reading
Under and over payments of tax 2014-15
HMRC have started the process of sending formal statements to taxpayers who may have under or over paid Income Tax for 2014-15. In a recent press release they said: “We are sending P800s that show an overpayment of tax first, … Continue reading
Summer Budget 2015
Next week, Wednesday 8th July, George Osborne will present his first budget of the new parliament. He has indicated that there will be no hikes in the major taxes: Income Tax, National Insurance, VAT and Corporation Tax. We shall see… … Continue reading
Scottish Rate of Income Tax
From April 2016, the Scottish Parliament has devolved powers to set the Scottish Rate of Income Tax (SRIT). Within the last few weeks it has been widely publicised that this may mean a higher rate of Income Tax in Scotland … Continue reading
