Are you married or in a civil partnership? If so you may be entitled to a £432 tax break called the marriage tax allowance. The marriage tax allowance is a way for couples to transfer a proportion of their personal allowance (the amount you can earn tax-free each tax year) between them. Who can get it? This is the most important factor as only people with these specific circumstances will be able to apply: You're married or in a civil partnership (just living together doesn'
New contractor tax rules due April 2017 The intermediaries’ legislation (better known as IR35) introduced back in 2000 sought to end differences in the tax treatment of off-payroll workers – such as IT contractors – and a business’s directly-hired employees. The idea was that if contractors would have been taxed as employees had they been engaged directly, they should be treated for tax purposes as if they were employees of their client. For the most part IR35 did not secure
By 2020, most people will be filing their tax returns online rather than by post. That's not a problem for Ping clients, as we're already geared up to go digital. But there are a few other changes that will be implemented at the same time that you'll need to be aware of. Quarterly returns As part of the Making Tax Digital initiative, the government is going to change the way we file returns. Instead of a once-a-year tax return, HMRC will require quarterly profit and loss in