Key tax dates to August 2019
RWB's useful round up of key tax dates to prepare for up to August 2019...
Request that the Pension Charge is paid by your fund by 31st July
The Pension Annual Allowance tax charge depends on the individual’s marginal rate of tax. The deadline to pay HMRC is 31st July 2019 for the 2018/19 tax year. Read on to learn how the rates are calculated.
Possible changes to CGT Private Residence Relief
The government is currently consulting on important changes to private residence relief that are likely to be introduced from 6 April 2020.
Advisory fuel rate for company cars from 1st June 2019
Here are our suggested reimbursement rates for employees' private mileage using their company car from 1st June 2019. Where there has been a change in the previous rate is shown in brackets below.
Key tax dates to July 2019
RWB's useful round up of key tax dates to prepare for up to July 2019...
"Rent a room" relief to continue for Airbnb landlords
Last year HMRC carried out a review of "rent a room" relief and it was proposed that the availability of this generous relief would be restricted to situations where the taxpayer was resident for at least part of the time when the “lodger” was paying rent.
Are you aware of the latest tax exemptions?
Tax planning to minimise the High Income Child Benefit Charge
The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which child benefit starts being clawed back and there has been no increase in that threshold since the High Income Child Benefit Charge was introduced in 2013/14.
Are you maximising your child benefit entitlement?
How to maximise profit extraction from the family company
The start of the new tax year means that shareholder/directors may want to review the salary and dividend mix for 2019/20.