Set out below are some changes to bear in mind for the new 2019/20 tax year. PAYE and NICS Announced in the November 2018 budget was an acceleration in the increase in the personal allowance to £12,500.  Originally expected to rise to this level by 2020/21, this increase has been brought forward to April 2019.  […]

From April 2017, the tax relief which landlords can claim for finance costs (most commonly mortgage interest) is set to change. From April 2017, to be phased in over 4 years, the relief will be restricted to the basic rate of tax only. This will directly impact higher rate tax payers with property income, where […]