Sinclair Day

April 10, 2019

Late filing penalty notices delayed

In an agent update published earlier this year HMRC wrote that as part of EU Exit contingency planning, a change would be made to the timings for sending notification of Self Assessment penalties. The £100 penalty notices are normally issued in
April 10, 2019

Child Benefit Tax Charge

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax year and who are in receipt of child benefit. The charge claws back the financial benefit of receiving child benefit either by reducing or removing the
April 10, 2019

Latest advice from government if we leave the EU

The chances of a no-deal Brexit appear to grow stronger and weaker at the same time and there is a small chance by the time this article is published that the UK may have left the EU by default. In a pamphlet recently published by the government we
April 10, 2019

Dormant assets scheme expanded

Under the current scheme, banks and building societies transfer the money held in dormant accounts to a central reclaim fund. The reclaim fund is responsible for managing dormant account money, meeting reclaims and passing on surplus money to various