HMRC issue some tax refunds automatically. In other cases, you need to actively claim tax refunds. For example, for job-related expenses that you paid for yourself, you need to make a claim by completing form P87. For refunds relating to the 2019/20 tax year, you need to make your claim by 5 Ap...
The noise about ‘side hustle tax’ is showing no signs of dying down and we are still seeing incorrect information circulating online about the tax position of people selling items via online platforms. We previously published a flowchart trying to provide clarity on the rules. In this, our thir...
The deadline for sending most online 2022/23 self assessment tax returns to HMRC, and for paying the related tax, is 31 January 2024. If this deadline applies to you, make sure you file your 2022/23 tax return online and pay any tax you owe by 31 January 2024 to avoid penalties and interest....
Despite ongoing efforts by tax professionals up and down the land, we are still seeing a large amount of confusion about the ‘new’ side hustle tax reporting rules for online platforms. There is no new tax on side hustles. Here, we reiterate the main things you need to know, provide a new flowchart t...
The CJRS (furlough scheme) came to an end on 30 September. Whilst late claims or amendments can be made in exceptional circumstances, this is not the only thing to consider. For example, all employers, at the very least, will need to keep records supporting the grants they have claimed, in case HMRC...
A call for evidence on umbrella companies has been issued – with the aim of providing the government with a detailed and up-to-date view of how umbrella companies operate. Here we tell you how to have your say. ...