Income Tax

Correspondence from readers on topical subjects.

Advantages and disadvantages of the K code number for collecting income tax under PAYE.

Review of income tax and National Insurance

Potential tax advantages of a medical benefit trust to employers and their employees. 

Two important principles of claiming input tax are considered.

New personal saving allowance. All saving income to be paid without deduction of tax at source.

Employers will no longer need to apply for a dispensation or report those expenses on form P11D. 

Will the HMRC’s consultation result in the clearer tax treatment of income from sporting testimonials?

Employers and taxpayers need to know exactly who will be affected and how, according to CIOT.