Steve Maggs Tax Blog

The world of tax is fast moving, ever changing and constantly evolving. Through my Tax Blog I hope to bring you important tax changes and advice and help you keep abreast of developments in this ‘taxing’ world! If you’d like any further information please call me on 01872 276116 or email me at steve.maggs@rrlcornwall.co.uk.  You can also follow me @TaxCornwall.

Increasing Number of People Paying Lifetime Allowance Charges

Posted on: July 27th, 2017 by Tim Buringham

27 July 2017

An increasing number of taxpayers are being caught out by decreases to the pensions lifetime allowance.

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Making Tax Digital Delayed

Posted on: July 17th, 2017 by Tim Buringham

HMRC have announced that the timeframe for Making Tax Digital has been extended to allow businesses more time to prepare.

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The Return of Tax and Spend?

Posted on: July 5th, 2017 by Tim Buringham

5 July 2017

It was reported last week that Oliver Letwin, the former head of policy at Number 10 under David Cameron and a key proponent of austerity, is backing calls for increased spending on public services – and tax rises to pay for it.

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Drive to Make Tax Simpler Continues

Posted on: June 30th, 2017 by Tim Buringham

30 June 2017

This week, the Office of Tax Simplification (OTS) published its first annual report summarising their work during the 2016/17 tax year.

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Inheritance Tax Receipts Hit Record High

Posted on: June 26th, 2017 by Tim Buringham

26 June 2017

The latest tax figures to be released by HMRC show that receipts from inheritance tax (IHT) have reached a record breaking amount for the third month in a row.

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New Tax-Free Childcare Scheme Facing IT Problems

Posted on: June 13th, 2017 by Tim Buringham

13 June 2017

The government’s new Tax-Free Childcare scheme is now up and running – or at least it is if you can access the website.

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Record Numbers of Taxpayers Paying 45p Tax Rate

Posted on: June 5th, 2017 by Tim Buringham

5 June 2017

The latest figures from HMRC show that a record number of people are now paying tax at the ‘additional rate’ of 45% on income over £150,000.

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HMRC Issue Warning Regarding Phishing Scam

Posted on: May 15th, 2017 by Tim Buringham

15 May 2017

HMRC is advising customers to beware of the latest email phishing scam which is being circulated by online fraudsters.

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Introducing the Inheritance Tax ‘Residence Nil Rate Band’

Posted on: May 9th, 2017 by Tim Buringham

9 May 2017

The well publicised Inheritance Tax (IHT) ‘residence nil rate band’ (RNRB) rules have been introduced on 6 April 2017

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New Enterprise Zone Launched in Cornwall

Posted on: May 4th, 2017 by Tim Buringham

4 May 2017

Twelve new Enterprise Zones have gone live, the Government has announced in a move designed to promote economic growth across the United Kingdom.

Amongst these are the new Marine Hub in Cornwall

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