Berwick: 01289 302463 | Edinburgh: 0131 3782737 enquiries@jhgreenwood.co.uk

Welcome to our blog page, keeping you up to date with current topics….

Call for review of High Income Child Benefit Charge

Call for review of High Income Child Benefit Charge The Low Incomes Tax Reform Group (LITRG) is calling on the government to address issues with the High Income Child Benefit Charge (HICBC). The HICBC is designed to claw back child benefit where the claimant or their partner earns in excess of £50,000. According to LITRG [...]

Guidance on Structures and Buildings Allowance

Guidance on Structures and Buildings Allowance The latest HMRC Agent Update includes guidance on the Structures and Buildings Allowance (SBA). This capital allowance is designed to provide tax relief for businesses and to support investment in constructing new structures and buildings and improving existing ones. The SBA relieves the construction costs for new structures and [...]

Retiring clinicians payments

Retiring clinicians payments The Secretary of State has confirmed that the commitments being entered into, to make payments to clinicians affected by annual allowance pension tax, will be honoured when clinicians retire. In a written statement Matt Hancock, Secretary of State for Health and Social Care stated: ‘I have agreed to support this proposal from NHS [...]

Chancellor commits to review of IR35

Review of the Disguised Remuneration Loan Charge The government has announced it will make a number of changes to the loan charge rules, in response to Sir Amyas Morse’s independent review of the loan charge policy and its implementation. The government has announced the following key changes to the loan charge: the loan charge will [...]

Review of the Disguised Remuneration Loan Charge

Review of the Disguised Remuneration Loan Charge The government has announced it will make a number of changes to the loan charge rules, in response to Sir Amyas Morse’s independent review of the loan charge policy and its implementation. The government has announced the following key changes to the loan charge: the loan charge will [...]

Minimum wage rates announced

Minimum wage rates announced The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. From 1 April 2020 the NLW will rise from the current rate of £8.21 to £8.72 an hour, in the largest raise since it was introduced two decades ago. The [...]

Genuine HMRC contact and recognising phishing emails and texts

Genuine HMRC contact and recognising phishing emails and texts: HMRC has updated their guidance on how to recognise when contact from HMRC is genuine and how to recognise phishing or bogus emails and text messages. The rule is, if you are not sure, do not disclose any information. Hang up, do not respond to the [...]

HMRC countdown: file your tax return

HMRC countdown: file your tax return: With less than 100 days until the self assessment tax return deadline of 31 January 2020, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. HMRC report that last year more than 2,000 people submitted their tax returns on Christmas [...]