HALLIDAYS PUBLISH JULY NEWSWIRE AND BUDGET ROUND-UP

Following last week’s Budget, there has been plenty to digest and understand what may be particularly pertinent to some or many of us. Hallidays have published their latest Newswire – designed to inform of the latest business and tax issues, including some highlights from Mr Osborne.

Changes for ‘Buy to Let’ Landlords
It was announced in the Budget that the government will restrict the amount of income tax relief landlords can claim on residential property mortgage interest costs to the basic rate of income tax.
Click here for the full story

Annual Investment Allowance certainty
The Chancellor announced that Annual Investment Allowance will be set permanently at £200,000 from 1 January 2016 providing certainty for businesses.
Click here for the full story

The family home and IHT
The government has announced the introduction of a new transferrable nil rate band for the family home.
Click here for the full story

National Living Wage
The government has announced the introduction of a new National Living Wage for working people aged 25 years and above.
Click here for the full story

Phishing emails HMRC examples
HMRC have updated their list of examples of emails, letters, text messages and bogus calls used by ‘scammers’ and fraudsters to get taxpayers personal information.
Click here for the full story

Claiming the marriage allowance
The Low Incomes Tax Reform Group have published updates to their guidance on how to apply for the new transferable personal allowance, known as the marriage allowance, for married couples and civil partners which came into effect on 6 April 2015.
Click here for the full story

HMRC checking employees have paid the correct amount of tax on their pay
HMRC have started to check that people have paid the right amount of tax in 2014/15, a process they refer to as the annual End of Year Reconciliation process.
Click here for the full story

For more information visit: www.hallidays.co.uk