by GJBurton | Jun 25, 2019 | Blog, General, Latest News, Tax
The Pension Annual Allowance tax charge depends on your marginal rate of tax. Where their income exceeds £150,000 it would be at 45%. Thus if the pension input for 2018/19 was £40,000 and the limit is tapered to £10,000 the excess of £30,000 would incur a £13,500 tax...
by GJBurton | Jun 4, 2019 | Accounting, Blog, Budget, Latest News, Tax
The child benefit charge was introduced in 2013 and affect over 1 million families. If you or your partner earn an adjusted income of between £50,000 – £60,000 your child benefits could be cut. Adjusted income is your total taxable income before personal...
by Tanya Suleman | May 16, 2019 | Blog, General, Latest News
The child benefit charge was introduced in 2013 and affect over 1 million families. If you or your partner earn an adjusted income of over £50,000 your child benefits could be cut. Adjusted income is your total taxable income before personal allowances, less gift aid...
by Tanya Suleman | May 14, 2019 | Blog, General, Growth, Latest News
Progress with Assure UK’s sister company; Assure UK, Banbury based audit and assurance provider is celebrating success having won the Apprenticeship and Training award at the Cherwell Business Awards 2019. Now in its 8th year, the Cherwell Business Awards aim to...
by Tanya Suleman | May 9, 2019 | Blog, Budget, Latest News
The government is currently consulting on important changes to private residence relief that are likely to be introduced from 6 April 2020. The two possible changes announced in the Autumn 2018 Budget are: Limit to just 9 months the period prior to disposal that...
by Tanya Suleman | May 2, 2019 | Blog, General, Latest News
Last year HMRC carried out a review of rent a room relief that was introduced in 1992 to offer a wider range of low cost rented accommodation. It was proposed that the availability of this generous relief would be restricted to situations where the taxpayer was...
