Time runs out to open a help-to-buy ISA

Help-to-buy ISA providers are reporting a last-gasp surge to open the government-backed savings vehicle before it closes for good. Launched in December 2015, the help-to-buy ISA allows first-time buyers to deposit up to £1,000 and save up to £200 a month. Savers get a...

Complex taper catches out high earners

High earners could face large tax bills if they fail to declare pension contributions on their 2018/19 tax returns, according to a report. When completing self-assessment, taxpayers are asked if they have put money into a pension scheme above the annual pensions...

CEST tool update comes under fire

HMRC has released its tweaked check employment status for tax (CEST) tool, with some stakeholders maintaining the claim that it is not fit for purpose. The tool was first introduced in 2017 as part of the extension to the off-payroll rules that applied to the public...

Christmas payroll advice for employers

Employers that are planning to pay workers earlier than usual over Christmas can benefit from a temporary relaxation of real-time reporting of payroll. The usual rule requires employers to report their payroll information through real-time information (RTI) to HMRC on...

Conservatives promise to freeze main tax rates

The rates of income tax, national insurance and VAT will all be frozen in 2020/21, if Boris Johnson's Conservative Party forms the next government. Ahead of the general election on Thursday 12 December 2019, the Tories were the last of the major parties to reveal...