Marriage Allowance lets you transfer £1,250 of your Personal Allowance to your husband, wife or civil partner – if they earn more than you. This reduces their tax by up to £250 in the tax year (6 April to 5 April the next year). To benefit as a couple, you must normally have an income …
Open Banking includes the practice of securely sharing financial information electronically with customer consent. It was set up by the Competition and Markets Authority (CMA) in conjunction with the largest nine UK banks on behalf of the UK Government to bring more competition and innovation to financial services. Open Banking complies to PSD2. The second …
The UK VAT system replaces manual processes with digital ones. HMRC’s new policies are designed to save time, reduce errors and cut the risk of penalties – so it’s good news for business in the long run. Who’s affected? It depends on the size and type of business operation. HMRC is doing a gradual roll …
ICOTAX is pleased to announce the opening of our new office in the Cambridge area. We are looking forward to serving a wide range of clients in Cambridge and surrounding areas with our expertise and wide range of services. Clients are warmly welcome to visit us at our new office at Newton House, Pioneer Court, …