Economy stagnant in early 2020

UK gross domestic product (GDP) was flat in the three months to January 2020, according to data published by the Office for National Statistics (ONS) on Budget day. This represents the third successive three-month period with GDP growth at 0.0 per cent. Although there...

Spring Budget 2020: Personal

Tapered annual allowance threshold raised In 2020/21, the two thresholds at which the tapered annual allowance applies will both increase by £90,000. This applies to individuals with a threshold income of more than £200,000 and an adjusted income above £240,000. For...

Spring Budget 2020: Business

Entrepreneurs' relief Entrepreneurs' relief lives for another tax year after being under threat prior to the Spring Budget, but a key change will come in for 2020/21. The rules allow business owners of two years or more to pay capital gains tax at 10%, instead of 20%....

Fake HMRC emails still a problem

To help people avoid phishing scams, the tax authority has issued an updated list of genuine contacts you might receive from HMRC in the coming months. The period from April to May is a particular hotspot because that's when tax rebates are processed, making fake...