Latest News

January 2014

Incorrect payment position for tax month 8

HMRC have advised that the Business Tax Dashboard is not showing the correct payment position for tax month 8 for some PAYE schemes. Therefore, some customers may notice that payments made to HMRC between 21 November 2013 and 16 January 2014 are not showing correctly on the Dashboard.

Student loan repayment threshold for tax year 2014/15

HMRC has confirmed that from 6 April 2014 the student loan threshold will rise from £16,365 to £16,910.

100 days to take care of Auto Enrolment

Auto Enrolment is the latest Government initiative surrounding workplace pension reforms. With an ageing population, and the realisation by Government that there will be insufficient funds available to pay for people’s retirement, they have set out the need to increase the number of people regularly paying into pensions, thus saving for their retirement themselves.

CGT Private residence relief

It was announced in the Autumn Statement that there will be changes made to the rules for Private Residence Relief.

Changes ahead for Private Residence Relief

As announced in the Autumn Statement, legislation will be introduced to reduce the final period of ownership of a property which qualifies for private residence relief from 36 months to 18 months.  
A new relief will be introduced so that some disabled people and people moving into care homes will get final period exemption for the last 36 months.  
The changes will come into effect from 6 April 2014.
If you are looking at disposing of a property, which you have previously lived in, please contact us on 024 7651 8555 or 0121 711 2468 to see how these changes will impact you. 

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