Posts by Graham

Have you registered for Child Benefit? If you’re a high-earning parent or carer you may not see the point in claiming, due to the High-Income Child Benefit Charge (HICBC). However, registering for Child Benefit has a hidden advantage, even if you pay the HICBC. If you’re looking after children at home, and aren’t paying National…

Introduction Recent data from the Treasury has revealed that Inheritance Tax (IHT) bills are rising to record levels – with experts warning that more grieving families are being “dragged” into paying the levy. In 2021-22, HMRC received a massive £6.1 billion of IHT – the tax paid when a person passes away – which represents…

Office Holders and Minimum Wage Under HMRC’s rules, ‘office holders’ (ie. people who hold a position at a company but don’t have a contract, or receive regular salary payments) aren’t subject to the National Minimum Wage Regulations unless there‘s a contract of employment in place. A low salary can be paid which means you do…

This is a basic guide, prepared for our clients. It’s an introduction only and should not be used as a definitive guide since individual circumstances may vary. Specific advice should be obtained, where necessary. The headline message from the Chancellor was future tax cuts to support families with the cost of living. Rates and allowances…