Hart Parry News Archives - Page 2 of 2 - Hart Parry
hart parry blog

Newsletter Spring 2016

Marriage allowance – guide your employees in the right direction The Marriage Allowance lets certain individuals transfer 10% of their personal allowance to their spouse or civil partner. This reduces the tax bill of the recipient of the transfer by up to £212 in 2015/16. The main scenario in which the transfer is allowed and worthwhile is where: one of the spouses has little income and is therefore not using the personal allowance the other spouse does not pay tax at the higher or additional rate.   The default route for applying is online. If you are an employer, it is a good idea to signpost your employees to gov.uk/marriage-allowance-guide. This link gives full information as to eligibility, how to apply and a link to the online application. As we get towards the end of the tax year, couples may have a better idea as to whether they qualify. If a successful application is made, changes to the personal allowances are backdated to 6 April 2015. In future years the personal allowance will transfer automatically to the spouse until either of the couple cancels the Marriage Allowance or there is a change in circumstances. New tax dangers when buying residential property The Chancellor announced in his Autumn Statement in November 2015 that he would be introducing new rates of Stamp Duty Land Tax (SDLT) on purchases of buy to let properties or second homes. Few perhaps realised how much more complicated property transactions may well be as a result. At the end of December the government launched a consultation paper which revealed the proposed details of the regime. SDLT...

Hart Parry Winter Round Up.

HMRC gone phishing? Phishing is the fraudulent act of emailing a person in order to obtain personal or financial information. HMRC has issued guidance to help recognise fraudulent emails. HMRC are increasingly providing online services for taxpayers and their agents but this means a higher risk of phishing and bogus emails. These emails often ask for personal information such as date of birth, bank details or passwords. With a Self Assessment tax payment date coming soon on 31 January 2016, this may be the time to be wary of online fraudsters. HMRC have confirmed that they will never send notifications of a tax rebate by email and will also never ask people to disclose personal or payment information by email. In addition HMRC have responded to these attacks by issuing guidance on how to tell if an email is fraudulent. How to tell if an email is fraudulent Often the fraudster will create an email address which looks similar to HMRC’s email address for example ‘refunds@hmrc.gov.uk’. More examples of false email addresses can be found in a list provided by HMRC – https://goo.gl/3QLfie Another risk area is a link to a bogus website in an email or text. The page may look genuine but it often contains links, display fields or boxes which ask for bank or credit card details and passwords. HMRC have warned that some phishers also add links to genuine HMRC websites to try and make the emails appear genuine. Fraudsters often send high volumes of phishing emails in one go and they may therefore start the email with generic greetings for example ‘Dear Customer’ rather...

Tax investigations update

Following the outcome of the General Election, the victorious Conservative Party is now planning to deliver the manifesto pledges it made during the campaign. One of those key pledges included a promise to collect at least an extra £5bn from tax evasion and tax avoidance. In this update we highlight HMRC’s approach, existing targets and latest published results, as well as some of the risks which trigger a tax enquiry …. Read...

We are Moving Office on 22nd May 2015

Hart Parry will shortly be relocating within Parc Menai. Having enjoyed the advantages of easier access and parking, we are settling permanently on the Parc and have bought new premises rather than renewing our Welsh Government lease as this is more economical. New contact details Our telephone number and e-mail will remain unchanged when we move, and our new address will be: Hart Parry Cyf 9 Chestnut Court Parc Menai Bangor LL57 4FH Please refer to the map and directions below Date of move We will close at 2 Llys Y Fedwen at 5pm on Thursday 21st May 2015 and be open at our new premises at 9am on Tuesday 26 May 2015. We will only be closed for one day, on Friday 22 May 2015 for the move, and Monday 25 May as it is a bank holiday. If you have any queries about our move, please do not hesitate to contact us. Directions: On entering Parc Menai from the Britannia roundabout at the next roundabout take the 2nd exit, then follow the road down the hill for 800m until you come to the roundabout marked Llys Y Castan, take the 3rd exit, take the 1st right. No 9 is in front of you. We have designated visitor parking spaces on the right of the property. Enter the building and we are on the 1st floor. If you have difficulty with the stairs, please call prior to your visit and we can make arrangements to see you on the ground floor. There is no change to our telephone number 01248 360067...