HM Insights

Legal Insights & Industry Updates

Life, business and the law

The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interesting aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.

Latest Personal taxation articles

  • Yasmeen's Corrie case highlights how to change your inheritance

    Yasmeen's Corrie case highlights how to change your inheritance

    One of the recent story lines in TV's Coronation Street dealt with the aftermath of Geoff Metcalfe's death, which saw his wife Yasmeen having been omitted from his Will. Geoff left his entire estate to his son Tim, including his shares in the house and business he jointly owned with Yasmeen. If that happened in Scotland, could Tim decide that he wanted his inheritance to be made over to Yasmeen instead?

  • Self-assessment tax payment deadline deferred until 1 April 2021

    Self-assessment tax payment deadline deferred until 1 April 2021

    HM Revenue and Customs (HMRC) have announced that self-assessment taxpayers will not be charged the 5% late payment penalty as long as they settle their tax or set up a payment plan by 1 April 2021. The payment deadline for self-assessment is 31 January and interest is charged from 1 February on any amounts outstanding.  Usually, a 5% late payment penalty is also levied on any outstanding tax as at 3rd March. But this year, following on from the extension to the submission date for returns, HMRC is giving taxpayers more time to pay or set up a payment plan.

  • Do I qualify for the Marriage Allowance and how much tax can it save me?

    Do I qualify for the Marriage Allowance and how much tax can it save me?

    The Marriage Allowance is a tax allowance that is often forgotten about. It offers individuals the chance to transfer part of their personal allowance to their husband, wife or civil partner, which could reduce their tax bill. For some couples, this could mean a backdated payment of up to four years of claims which could be as much as £1188.

  • Leniency on UK residence rules for stranded taxpayers

    Leniency on UK residence rules for stranded taxpayers

    As travel restrictions to and from the UK continue to apply, many taxpayers and their employers continue to raise concerns about the impact of additional unplanned days spent in the UK on their employees UK residence status, and it's knock on effect of how they are taxed in the UK.