Category: Taxer.us

Press release: Disappointment that major capital gains tax report neglects unrepresented taxpayers

Taxpayers who have chargeable gains falling within their AEA (£12,300 for 2020/21) do not have to pay any CGT and generally are not required to register to file a Self Assessment tax return if they do not already file one. This means that unrepresented taxpayers who make a chargeable disposal without realising it – most often on the disposal of...

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Press release: Don’t let a Christmas bonus lead to a New Year tax hangover

Under a system known as dynamic coding, certain ‘trigger events’ will cause HMRC’s computer systems to automatically adjust the employee’s tax code1 during the tax year. These trigger events might include the start of a new employment-related benefit, or a notification from the employee of a change to their estimated income for the tax year. The employee’s tax code will then...

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New Podcast Episode: Stimulus, Taxes, and the Economy with COVID-19

It’s The AAF Exchange — your source for clear, data-driven insight into today’s economic and domestic policy issues. In our latest episode, AAF President Douglas Holtz-Eakin discusses the lessons learned from the 2009 stimulus package for any future COVID-19 aid package. He considers presidential candidate Biden’s proposed tax increases and the threat they pose to the economy. Holtz-Eakin also explains why Biden’s...

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