Apr 22, 2022 | Personal Tax
Employees who claimed tax relief for working from home during the pandemic may no longer qualify in 2022/23, as legal restrictions have been lifted. During the COVID-19 lockdown, people newly working from home were encouraged to apply for tax relief for the whole...
Apr 20, 2022 | Personal Tax
HMRC has launched a new guidance page on its website, showing taxpayers if they are eligible to claim money back through tax breaks or access financial support, to help with the rising cost of living. As well as checking for eligibility, the site will tell people how...
Apr 8, 2022 | Business TaxPersonal Tax
More than 142,000 people have used the tax catchup 'time to pay' scheme (TTP) with HMRC to spread the cost of their self-assessment tax bill since April 2021. The deadline for self-assessment tax returns and tax payments for 2020/2021 was 31 January, but this year...
Mar 29, 2022 | Personal Tax
Self-assessed taxpayers have less than a week to pay their tax bill or set up a time-to-pay arrangement with HMRC, otherwise they will be facing additional costs. Any taxpayers who have outstanding payments to make to HMRC for their 2020/21 tax returns are being urged...
Mar 21, 2022 | Personal Tax
The freeze in income tax thresholds and rising inflation means the Treasury will collect £13 billion more than previously predicted, according to the Institute for Fiscal Studies (IFS). The Treasury could raise as much as £21bn, which is £13bn more than the £8bn that...
