Last week we reviewed three forms of allowances which are available to individual taxpayers. The savings allowance looks straightforward, but it contains two alarming cliff edges. The marriage allowance should be simple, but in many instances the HMRC computer produces the wrong answer. The pensions annual allowance is now tapered for higher earners, based on a different definition of income than applies for the other allowances!
This is an extract from our topical tax tips newsletter dated 29 September 2016 (5 days before we publish an extract on this blog). You can obtain future issues by registering here>>>
This is an extract from our topical tax tips newsletter dated 29 September 2016 (5 days before we publish an extract on this blog). You can obtain future issues by registering here>>>
The full newsletter contained the remainder of this item plus links to related source material and the other two topical, timely and commercial tax tips. We've been publishing this newsletter weekly since 2007; it's clearly written and focused on precisely what accountants in general practice need to know about each week. You can obtain future issues by registering here>>>
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