Two men have been arrested in East London after allegedly running a TikTok tax scam leading HMRC to block £153 million in repayment claims.
TikTok tax scam: Spotting tax scams online
Personal Tax
Have you paid the right amount of High Income Child Benefit Charge for 2022/23?
You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid.
Director’s loans – A missed tax planning opportunity?
A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses. Read more
Earning between £100,000 and £150,000? Your tax return is changing
If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.
Are you aware of the Government’s Marriage Allowance?
As of February 2023, HM Revenue & Customs (HMRC) estimated that over two million people are unaware of the Marriage Allowance tax relief which could save them up to £252 a year.
How the personal allowance works
Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.
How a ‘fiscal event’ differs from a Budget
A ‘fiscal event’ is to be delivered on Friday, setting out what help is to be made available to get people through the winter and the cost-of-living crisis.
Interest rate hike puts pressure on taxpayers behind on payments
In light of the recent increase in the Bank of England’s base rate, HM Revenue & Customs (HMRC) has announced a rise in interest on both late paid tax and repayments of tax.
First cost of living payment received by millions
Payments to support those struggling with the cost of living are starting to be paid into eight million people’s accounts from today. Read more
Pay boost for millions as National Insurance threshold rises
Further changes to National Insurance Contributions (NIC) kick in from July this year and will be a welcome boost for most taxpayers who suffered an increase in April.