There is an online tool available on GOV.UK that allows taxpayers to check if they need to advise HMRC about additional income…

Changes to the High Income Child Benefit Charge (HICBC) came into effect on 6 April 2024. The income threshold at which HICBC…

HMRC’s Personal Tax Accounts (PTAs) serve as an online tool that enables taxpayers to view and update their information in real time….

You may be able to have tax underpayments collected via your tax code when you are in employment or in receipt of…

It was announced as part of the Spring Budget measures that the present favourable tax benefits presently allowed for the letting of…

The letters in your tax code signify your entitlement (or not) to the annual tax free personal allowance. The tax codes are…

The Scottish rate of income tax (SRIT) is payable on the non-savings and non-dividend income of those defined as Scottish taxpayers. The…

The marriage allowance can be claimed by married couples and those in a civil partnership and where a spouse or civil partner…

If you earn over £100,000 in any tax year your personal allowance is gradually reduced by £1 for every £2 of adjusted…

All children in the UK have their own personal allowance, currently £12,570. There are special rules if a parent gifts significant amounts…