Latest News & Events
HMRC reveals 700,000 couples are ‘missing out’ on Marriage Allowance February 20, 2019
HMRC has estimated that around 700,000 couples are ‘missing out’ on the Marriage Allowance, which could save them up to £238 in tax. Introduced in April 2015, the Marriage Allowance enables spouses to transfer a fixed amount of their personal allowance (PA) to their partner. The option is available to couples where neither pays tax
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Government publishes advice on minimising gender pay gap February 20, 2019
The Government Equalities Office (GEO) has published advice designed to help UK businesses to reduce their gender pay gap. The documents contain advice on which pieces of information employers must publish in relation to their gender pay gap, and how to make the calculations needed to report gender pay gap data. Additionally, the GEO also
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Data reveals parents ‘failing to make use of Tax-Free Childcare’ February 20, 2019
According to data published by the government, its Tax-Free Childcare (TFC) scheme ‘has not had the uptake expected’, with only 22% of eligible families making use of it. Official figures have suggested that the government had planned and budgeted for 415,000 families to be using the TFC scheme by October 2017. However, the data has
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Study suggests UK workers ‘have already lost a week’s wages’ to Brexit February 13, 2019
A study carried out by the University of Warwick’s Centre for Competitive Advantage in the Global Economy (CAGE) has revealed that the average UK worker has already lost a week’s wages as a direct result of Brexit. According to the study, in the first year following the Brexit referendum, the average worker had to spend
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HMRC figures reveal an increase in first-time buyer relief claims February 13, 2019
Figures recently published by HMRC have revealed a 3% increase in the number of first-time buyer relief (FTBR) claims from the previous quarter, with 78% of transactions paying no Stamp Duty Land Tax (SDLT) at all. FTBR eliminates stamp duty for first-time buyers paying £300,000 or less for a residential property. Since the introduction of
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