Archive for May, 2008

New personal allowance for the 2008-09: Helping low-income earners

Helping low-income customers affected by the changes to the personal tax system announced at Budget 2007 The Chancellor of the Exchequer, Alistair Darling, announced changes to the personal tax system to help low-income customers affected by the abolition of the 10% starting rate of income tax. The Chancellor announced that the personal allowance for the […]

Continue reading

 

UK taxman to access Swiss bank accounts

Written by Alex Hawkes – Accountancy Age   The UK taxman is to broach the long-standing security of Swiss bank accounts, using access to the accounts obtained by Germany. HM Revenue & Customs (HMRC) is linking up with the German tax authorities to make use of their recent disclosure agreements with the Swiss, The Sunday […]

Continue reading

 

New Guidance for Residents & non-residents: Liability to tax in the UK

The HMRC have published a new version of the popular booklet IR20. This booklet describes the residence rules and how to work out whether or not you are resident in the UK for tax purposes. The IR20 has been updated and is temporarily available online only. This interim guidance is an update of a booklet […]

Continue reading