TC Group- Tax card 2020/2021

TC Group- Tax card 2020/2021

These rates and allowances are based on Spring Budget 2020 announcements made by the UK and Northern Ireland, Scottish and Welsh Governments and are for information only and you should contact us before making any decision to act All information is subject to change...
Spring Budget 2020 – Biggest spending spree for 28 years

Spring Budget 2020 – Biggest spending spree for 28 years

“As we deal with coronavirus, this is a Budget that provides security today but it is also a plan for prosperity tomorrow.” Chancellor, Rishi Sunak “Getting it done” is the soundbite Chancellor Rishi Sunak clearly wanted us to take away from his debut Budget speech,...
HMRC’s approach to taxing cryptocurrencies

HMRC’s approach to taxing cryptocurrencies

HMRC updates tax guidance for digital currencies. Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness, and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream…...
Employer issues with auto-enrolment

Employer issues with auto-enrolment

Policy success, but headache for employers? Back in 2012, less than half of private-sector employees in the UK had a pension scheme. Today, that figure is 85% and this huge increase is due to the successful rollout of auto-enrolment. It started with the largest...
Tax implications of providing company cars

Tax implications of providing company cars

Does it pay off to provide low or zero-emission cars? Offering a company car as a benefit can be a valuable and attractive perk to any valued employee. Unfortunately, it is not necessarily a tax-free perk and it may be liable for PAYE because HMRC considers the...
Tracing lost pension plans

Tracing lost pension plans

Research published in January 2020 suggested 1.6 million pensions are currently missing, with each pot worth £23,000. For many who have been saving over their working life this could mean missing out on money that is rightfully theirs for use as part of their...