Personal Tax Archives | Haggards Crowther

A Guide to Tax on Online Income

Selling online opens up huge opportunities, whether you’re running a Shopify store, offering digital downloads, or managing an international subscription platform. But with those rewards come responsibilities, especially when it comes to taxes on online income. The rules around online sales and paying taxes can be confusing, especially when you’re...

What happens when your salary goes over £100k?

It wasn’t all that long ago that salaries and incomes of over...

What Is a Personal Tax Code?

Personal tax can be difficult to understand. You may see your personal...

Are you getting full relief on your workplace pension contributions?

In order to encourage individuals to pay in to their pensions, the...

Planning for future generations

As a high-net-worth individual, planning finances for your future generations can often be quite challenging. Nobody likes to think of...

Self-Assessment and Covid

As we arrive once again at personal tax return time, many may be questioning the purpose of submitting tax returns...

Payment on Account Deferment

Due to the coronavirus outbreak, the UK government has announced that there is now no requirement to make a second...

Do I need to complete a self-assessment tax return?

This is one of those perennial questions we are asked by clients, typically buoyed on by the rash of government...

Higher Rate Taxpayers Pension Relief

The recent self-assessment tax return deadline has once again highlighted an issue for higher-rate taxpayers regarding pension relief on contributions,...

Inheritance Tax – 2022/23 Tax Year End

The Inheritance Tax (IHT) nil rate band is currently frozen at £325,000 until 5 April 2021. As part of a person’s ongoing Inheritance Tax planning, full use should be made of available exemptions

Tax Advantaged Investments – 2018/19 Tax Year End

ISAs, EIS, SEIS, VCT schemes and family investment companies (FIC) can prove useful means of investing money before the tax year end.

Pensions – 2018/19 Tax Year End

Pensions can be a great way of reducing the tax burden. You can contribute £40,000 (gross) a year into a pension scheme. This can be increased if you did not use up your allowances in the preceding 3 years and were a member of a qualifying pension scheme.