As a consequence of the Morse review, taxpayers with pre 9 December 2010 loans will not have been affected by the recent 30 September 2020 loan charge deadline. This is because the review said that the loan charge should not apply to loans entered into before 9 December 2010. However, there may stil...
Employers need to address any Job Retention Scheme (JRS) claims on a timely basis and should proceed carefully if they are thinking about trying to recover any amounts repayable to HMRC from employees. Employers in this position are advised to seek professional advice. ...
Help-to-Save is a government initiative to help those on lower incomes to save for the future. Regular saving is rewarded with bonuses. You can get a bonus of up to half of what you have saved – tax free! More than 47,200 people recently received their first bonus, getting an average of £375 each. W...
The coronavirus (COVID-19) pandemic has resulted in an unprecedented jobs and income situation. Your finances may have already come under some strain or you may be worried that they will do in the future. We don’t have all the answers, but in this article we offer you some hints and tips on how you ...
On 24 September, the government announced that the Self-Employment Income Support Scheme (SEISS) would be extended again. But there are important deadlines relating to the first and second grants this month – act fast if these affect you. ...
LITRG is urging those affected by the loan charge not to leave it until the last minute to try and arrange a payment plan. Any loan amounts subject to the loan charge must be reported by 30 September – in addition, the loan charge and any other tax due, must also be paid by that date (or a payment p...