pennington – Pennington Williams
Written by penningtonwilliams on April 4, 2018 in Blog

The Telegraph has recently warned that parents, pensioners and home buyers are being “failed” by official calculators and guidance issued by HMRC. The paper uncovered several cases where guidance remains months out of date and calculators provide ambiguous or misleading information. Tax experts have said the errors expose the strain HMRC is under in the midst of an enormous cost-cutting programme that will see 170 regional offices replaced by 13 centres across the country. Separately, the Telegraph highlighted some of the tax changes coming into force on April 6. These include the personal allowance, which rises to £11,850 from £11,500; the dividend allowance, which will fall from £5,000 to £2,000; and the IHT “residence nil-rate band”, which rises to £125,000 per person.

Source: The Morning Account and The Daily Telegraph

If you need any advice on the upcoming changes this tax year, please give us a call, we are here to help 😊

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