Blog

There has been much press commentary recently regarding HMRC’s pursuit of football clubs who stand accused of paying certain “employees” below the NMW. This action is being taken due to complaints HMRC has received from ballboys and club mascots who receive no payment for their time.  All employers are required to pay their employees at least the NMW rates. However, Continue Reading

The HICBC was introduced on 7 January 2013 and applies to couples where: One partner has received Child Benefit payments after 7 January 2013, and Either partner has income in excess of £50,000 a year. The person with the highest income, if both are over £50,000, will be liable to pay the charge.  It will not apply if the person Continue Reading

Readers will be aware that there a multitude of emails circulating on the internet purporting to be from HMRC. In almost all cases these will be some form of scam, attempting to gather personal information from you in exchange for the promise of a tax refund or similar inducement. HMRC have confirmed, on numerous occasions, that they do not email Continue Reading

This blog is intended to help you and your estate planning, we are also running a seminar, 'Protecting Your Wealth For The Next Generation' on 17 September at the Lough Neagh Discovery Centre, if you would like to attend simply email vanessa@mcclearyaccountants.com. Introduction More than £3 billion in inheritance tax (IHT) was paid in 2012/13, according to figures from the Office Continue Reading