Income Tax

W Ferguson (TC3562)

Will mortgage interest be fully allowable if only part of the property is owned?

P Collins (TC3606)

Is it possible to increase entitlement to the state pension for free?

Can work and time spent tracking offshore undistributed income be minimised?

Employer Bulletin 48 published

Government publishes four condocs

The Finance Bill debate moves on to pensions measures

Renewable heat incentive payments and taking them into account for tax purposes

Avoid fines and non-filing generic notification service messages by making a correct final payment submission (FPS), HMRC has advised employers that no longer need their PAYE schemes.

Firms looking to 2014/15 have been told by the Revenue to:

HMRC have started the automated end-of-year PAYE reconciliations for 2013/14. The department expects the process to be completed by mid-September.

Taxpayers who paid too little or too much tax under PAYE for the year will receive a calculation on form P800, showing the details along with notes explaining what the figures mean.

Those who overpaid will in most cases be sent a cheque within 14 working days from the receipt of the P800 calculation.

MC and LJ Ive Ltd & M Ive (TC3529)