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Marginal rate of Income Tax

For high earning taxpayers the personal allowance is gradually reduced by £1 for every £2 of income over £100,000 irrespective of age. This results in the total loss of the personal allowance for...
27-08-2014Read more

Paper tax discs to be discontinued

The end of paper tax discs for cars, which were first introduced in 1921, is nigh. From 1 October 2014, the requirement to display a motor disc on a vehicle windscreen will be removed. In future, cars...
27-08-2014Read more

New crackdown on illicit tobacco and alcohol

HMRC has launched a new initiative to tackle some of the UK’s most notorious hotspots for the sale and supply of illicit tobacco and alcohol as part of its overall remit to tackle tax fraud. HMRC...
27-08-2014Read more