Changes to the Scottish rate of Income Tax
The Scottish Rate of Income Tax (SRIT) commenced on 6 April 2016 and is administered by HMRC on behalf of the Scottish government. The SRIT is payable on the non-savings and non-dividend income of
Category: Income Tax
Requesting an SA302 from HMRC
The SA302 tax calculation and tax year overview documents are commonly used as evidence of income for loan or mortgage purposes for the self-employed. The forms have become more widely used since the
Let property campaign
HMRC’s Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by disclosing any
Late filing of Self Assessment tax returns
Taxpayers that have not yet filed their 2015-16 Self Assessment returns will have been charged an automatic £100 penalty for late submission. The penalty applied from 1 February 2017 even if no tax
Late filing notice from HMRC
The Low Income Tax Reform Group (LITRG) was established in 1998 to improve the policy and processes of the tax, tax credits and associated welfare systems for the benefit of those on low incomes. A
Tax relief changes for buy-to-let landlords
It is now only a couple of months until the changes to tax relief for buy-to-let landlords start to take effect. From April 2017, tax relief on mortgage costs is to be gradually restricted to the
Lifetime ISA launch date confirmed
The new Lifetime ISA will be launched from April 2017. The Lifetime ISA is designed to help those aged between 18 and 40 to save for a new home or for their retirement. The launch of the scheme was