HM Revenue & Customs' own software can’t calculate tax correctly!

Politicians have meddled with the tax system so often (without prior consultation) that HMRC cannot work out the right or (as they say) the “fair” amount of tax correctly.

What’s more the problem covers many taxpayers

Take someone with salary income of just £8,000, bank interest of £2,000 and dividend income from their own company of £27,000 (in 2016/17 – not an untypical situation). If you were to rely on HMRC’s own online calculations, they’ll say you owe tax of £1,575.

Probate Fees - Another “Tax” and another Government U-Turn?

The recent Budget proposed massive increases to the fee you need to pay to deal with someone’s estate when they’ve died in England and Wales.

What is probate?

Probate is the legal permission that is required to distribute someone’s Will after they have died. A Grant of Probate must usually be obtained before an executor can legally distribute the contents of a person’s estate to the beneficiaries in accordance with the deceased’s will. Probate fees have been designed & used to cover the cost of the Government providing a service for this whole process.

Autumn Statement 2016 - Key Points

Effective immediately

  • From 23 November 2016 to 31 March/5 April 2019, businesses will be entitled to a 100% First Year Allowance for the cost of installing electric charge-point equipment for electric vehicles.
  • From 1 December 2016, income tax and CGT advantages of new shares issued in return for “employee shareholder status” will be withdrawn (shares already held not affected).

From April 2017