January Income Tax Payments

by | Jan 10, 2013

If you are expecting to pay tax in January but have not received a statement, the tax is still due to reach HMRC by January 31st.  I am able to see statements online, so please ask me what you need to pay if you are unsure. The method of payment I recommend is the...

Child Benefit

by | Jan 13, 2012

It was proposed last year that Child Benefit be cut for higher-rate taxpayers from 2013.  This puts households with one higher earner at a disadvantage compared to a family with two people paying basic-rate tax.  This is in the news again at present, and the...

PPI Compensation

by | Nov 27, 2011

HMRC have now clarified the treatment of payments resulting from successful claims for missold payment protection (PPI).  Refunds themselves are not taxable.  Any interest added (typically 8%) is taxable, and needs to appear on the tax return.  I also suggest that...