HM Revenue and Customs (HMRC) have told us about a correction exercise they are working on to try and identify families who may have missed out on child benefit or child tax credits in the past, due to a historic legislative change.
The timing of your marriage allowance claim can affect its start date. The decision of when to cancel or withdraw a claim can also determine when the withdrawal takes effect. This can be complex, so we have created two flowcharts to help you better understand when to start and stop claims.
If you still haven’t filed your 2024/25 Self Assessment tax return, then read on! HMRC will charge penalties of £10 per day in most cases if they don’t receive your 2024/25 return by 30 April 2026. If your return shows that Making Tax Digital should apply to you, you also run the risk of falling ...
The Finance Act 2026 introduces a new settlement opportunity that is expected to be favourable to many eligible taxpayers affected by the loan charge. While further regulations are awaited, this remains an uncertain and anxious time for those impacted. To try and help bring some clarity, and based ...
The new tax year is here! There are also major new rules for umbrella company supply chains. That makes it a good time to check what has changed and what it could mean for you. If you missed any of our recent updates, this quick round-up highlights the main points.
Thousands of bereaved families in the UK have recently been affected by an operational failure at National Savings and Investments, which may have tax consequences. This article explains what has happened and what you need to know if you are one of those involved.