Did you apply for marriage allowance?
Marriage Allowance is the transfer of a personal allowance of £1,260 from one partner to the husband/wife or civil partner to achieve a certain tax credit. In most cases, your tax can be reduced by up to £252 during the tax year (6th April to 5th April). Now log on to...
“I bought a house with confidence.”
Most people believe that when property is given away or transferred to a family member it is not a third party sale. They also believe that such operations do not require professional help or extra costs. In fact, you need to handle property transactions with the same...
HMRC alerts you to new scam messages.
Recently, HMRC announced a series of examples of fake HMRC sending phishing emails, fraudulent phone calls, text messages and other fraudulent means to users through network and communication. HMRC reminds you not to open attachments or click on any links in emails or...
Q&A | How is income tax calculated?
Beginning last week, we have received more and more customer enquiries, mainly focusing on personal income tax and stamp duty required for home purchases. Today, we will mainly explain the relevant issues about income tax to help our customers understand and estimate...
Have you updated your tax credit in time?
Around 2.1 million tax credit customers will start receiving their annual renewal packs from HMRC recently. These packs (documents) will be dispatched between April 25th and May 27th. All you need to do when you get your letter is you have until July 31st to check...
Upcoming changes to VAT penalties and interest charges！
HMRC has released an important update today (more detailed guidance will be released in December 2022), and this update will concern every taxpayer. From 1 January 2023 the default surcharge will be replaced by a new penalty if you delay filing your VAT return or...
‘Please do something, my financial affairs are in a tangle.’
"My company has never been hit this hard since its inception, as you can see. I think about it every day, ever since prices went up. It's suddenly half of my company's expenses and we're trying to squeeze profits but it still can't maintain the previous customer...
Have you received an allowance of up to 4,000 pounds?
The last article mentioned that the UK inflation rate has reached a new high , and the cost of living and prices have become a headache for people. In fact, in addition to our own response to rising prices by reducing our daily spending, the government has...
UK inheritance tax ranks among the most hated taxes!
Inheritance tax has been ranked as the top three most hated taxes in the UK for the past decade, and remains firmly in second place. In addition, Stamp Duty Land Tax (SDLT) came in third, while Council Tax was awarded the number one spot. Respondents to the survey of...
Changes to the UK customs system are coming!
The EU (except the island of Ireland) and the UK government have provided information on upcoming changes to the UK customs system in 2022. Here is what you need to do to prepare for the change. Migration to a single UK customs platform The UK...
