Category Archive Personal Tax

Have you paid the right amount of High Income Child Benefit Charge for 2022/23?

August 27, 2024 Comments Off on Have you paid the right amount of High Income Child Benefit Charge for 2022/23? By Joshua Leigh & Co

You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid.

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Director’s loans – A missed tax planning opportunity?

May 28, 2024 Comments Off on Director’s loans – A missed tax planning opportunity? By Joshua Leigh & Co

A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses.  

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Earning between £100,000 and £150,000? Your tax return is changing

May 15, 2024 Comments Off on Earning between £100,000 and £150,000? Your tax return is changing By Joshua Leigh & Co

If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.

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Are you aware of the Government’s Marriage Allowance?

July 5, 2023 Comments Off on Are you aware of the Government’s Marriage Allowance? By Joshua Leigh & Co

As of February 2023, HM Revenue & Customs (HMRC) estimated that over two million people are unaware of the Marriage Allowance tax relief which could save them up to £252 a year.

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How the personal allowance works

December 19, 2022 Comments Off on How the personal allowance works By Joshua Leigh & Co

Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.

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How a ‘fiscal event’ differs from a Budget

September 20, 2022 Comments Off on How a ‘fiscal event’ differs from a Budget By Joshua Leigh & Co

A ‘fiscal event’ is to be delivered on Friday, setting out what help is to be made available to get people through the winter and the cost-of-living crisis.

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