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Guidance on new personal savings allowance

personal-savings-piggy-bank

The taxman has published a Policy Paper on the new Personal Savings Allowance (PSA) for individuals, which will mean that from tomorrow (April 6) basic rate taxpayers can receive up to £1,000 of savings and higher rate taxpayers up to £500 of savings income without any tax being due.…

Personal tax accounts unveiled

By Ken Maggs, Moore Thompson

 

HM Revenue & Customs (HMRC) has gone live with its new system of personal tax accounts ahead of the 31 December deadline of self-assessment filing, in a bid to make the department one of the most digitally advanced tax administrations in the world.…

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