Mortgage Interest Relief on buy to let mortgage Since 6 April 2017, the government has phased in the removal of interest for buy to let landlords. The restriction will be fully in place from 6 April 2020. The finance costs that are restricted include interest on...
Individual Savings Accounts (ISAs) There has been a small increase in the annual Child Trust Fund and Junior ISA savings limit to £4,368. This is an increase of £108 in comparison to 2018/19 (£4,260). As with the standard ISA rules all income and capital gains within...
As 2019/20 tax year covering the period 6 April 2019 to 5 April 2020 has now begun there are changes which came into effect from a personal tax perspective. In a series of blogs we will be providing a summary of some of the changes, starting with the personal...
HM Revenue & Customs for some reason following the submission of 2017/18 self-assessment tax returns have not been processing the 2018/19 payments on account. HM Revenue & Customs are aware of the problem, however, they have not been able to fix the issue of...
According to HM Revenue & Customs approximately 746,000 self-assessment tax returns for the 2017-18 tax year were not filed by the 31 January 2019 filing deadline. As a result anyone who has missed the deadline will automatically be issued with a £100 late penalty...
Maternity Anyone planning or expecting a baby needs to think about their financials, and parents in the UK are getting one of the worst deals in Europe when it comes to maternity leave and pay, with only Slovakia being behind us. So what exactly are you entitled to?...
