Hospital doctor news

Women in Later Life Divorce

Women face the larger financial burden Divorce can be a very difficult time emotionally and financially for those involved. It can be especially difficult in later life due to the fact that married couples will have built up financial assets together. These joint...

Tax Rates and Allowances 2021/22

Tax Rates and Allowances 2021/22

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Budget 2021

Budget 2021

Budget 2021 The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech, he stated his Budget 'meets the moment with a three-part plan to protect the jobs and livelihoods of the British people'. Main Budget proposals Tax measures...

Self-Employment Income Support Scheme (SEISS) extended

Self-Employment Income Support Scheme (SEISS) extended

The Chancellor has today announced further support for the Self-Employed, by making a fourth and fifth grant available under the Self-Employment Income Support Scheme (SEISS).   The fourth grant, covering the period February to April 2021 will be worth 80% of average...

Budget 2021: When is the Budget?

Budget 2021: When is the Budget?

The Chancellor Rishi Sunak will deliver his 2021 Budget on Wednesday 3rd March 2021.   What time is the Budget? The Budget is expected to take place at about 12:30 pm, straight after PMQs. The first part of the statement typically begins with a review of the...

Self-Assessment – More Time to Pay

HMRC has announced further help for Self-Assessment taxpayers, by extending the late payment penalty deadline until 1 April 2021.  Under normal circumstances, a 5% penalty would be incurred on any tax payments which were due by 31 January 2021 and are still...

Calls for a rise in the High Income Child Benefit Charge threshold

The Low Incomes Tax Reform Group (LITRG) has urged the government to raise the High Income Child Benefit Charge (HICBC) threshold to avoid it affecting basic-rate taxpayers for the first time in April 2021.  The £50,000 threshold for the HICBC has remained static...

Canny romantics: The tax benefits of marriage

Canny romantics: The tax benefits of marriage

Considering popping the question on Valentine’s Day?  Here we look at some of the tax breaks married couples can benefit from and how it can pay to get hitched   The Marriage Allowance The Marriage Allowance can enable eligible married couples and civil partners...

Self-Assessment deadline extended

HMRC has confirmed that the deadline for those filing their 2019-20 Self-Assessment tax returns online has been extended from 31 January 2021 to 28 February 2021.  Taxpayers will not receive an automatic £100 late filing penalty if they file their 2019-20 return...