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Many parents who receive Child Benefit may be blissfully unaware that they are walking into a tax trap. From 7 January 2013 Child Benefit payments are effectively means tested by the tax system. If either parent, or both parents, has income in excess of £50,000, then part or all of the Child Benefit you have received after 7 January 2013 Continue Reading

This guide looks at Universal Credit, a new benefit that will replace six existing benefits with a simpler, single monthly payment. Introduction   Plans for the Universal Credit (UC) were first announced in 2010. Starting in October 2013, it will replace a number of existing benefits. The new credit system is administered online and is intended to streamline the benefits Continue Reading

Although the recent G20 conference in St Petersburg failed to reach a consensus on the best way to deal with the Syria crisis, they did agree on a long term strategy to make it harder to hide money in tax havens. The ultimate goal, to force companies to pay tax in the countries where they make the profits, will take Continue Reading

As from 29 July 2013, individuals who want to take a claim to an employment tribunal will have to pay fees under new legislation now in place across the UK. Employees will now: pay between £160 to £250 to lodge a claim pay a charge of £230 to £950 if the case goes ahead to a tribunal hearing. Claimants submitting Continue Reading