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LATEST HMRC TELEPHONE SCAMS

There are two new HMRC telephone scams to be aware of. What do you need to look out for? Scam 1. HMRC has become aware of a telephone scam where a recorded message is left, allegedly from HMRC, that starts: “This is Her Majesty’s Revenue & Customs. We have been...

HMRC INTEREST RATE CUT

Following the Bank of England’s cut in its base rate from 0.5% to 0.25% on 4 August, HMRC has decided to cut some of its rates. What’s changing? Good news. With effect from today (23 August 2016), HMRC is cutting the interest rate it charges on late payments from the...

GUIDANCE ISSUES ON THE NEW PERSONAL SAVINGS ALLOWANCE

On 6 April 2016 a new personal savings allowance is being introduced. HMRC has released updated guidance on how this will work in practice. What do you need to know? Personal savings allowance. For the 2016/17 tax year, a personal savings allowance is being introduced...

MORE BAD NEWS FOR PROPERTY INVESTORS

In his Autumn Statement the Chancellor delivered two further blows to buy-to-let investors. What is he attacking now? Buy-to-let attack. In the Summer Budget 2015 the Chancellor attacked buy-to-let investors by announcing that over a period of four years starting on 6...

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