July 2019
18
Thursday
News & Events
Latest News
BBC Radio Solent Listeners put their Taxing Concerns to Rothmans Expert
BBC Radio Solent listeners flocked to the phone lines to ask for advice from our Tax Partner, Julian Sims, when he made his most recent appearance in the ‘Ask the Expert’ slot on the daily morning show with Sasha Twining. Julian is a popular and regular guest on the show which sees him dealing with a variety of queries from callers. Perhaps unsurprisingly on this occasion, as April 6 approached, Julian was asked for advice on the penalties involved if tax returns included errors or omissions. Other wide-ranging topics included the tax im...
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Changes to Income Tax for 2019/20
The new tax year brings changes to income tax bands and allowances. The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income above £100,000. So, for 2018/19 there is no personal allowance where adjusted net income exceeds £123,700. For 2019/20 there is no personal allowance available where adjusted net income exceeds £125,000. The marriage allowance permits cer...
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