In April 2021, HMRC made one-off payments of £500 to 1.4 million working households on tax credits. This was part of the Government’s response to the coronavirus pandemic. An extension to the scheme has now been announced, which means a small number of tax credit claimants who did not qualify for th...
Since May 2020 there have been five Self Employment Income Support Scheme (SEISS) grants which the self-employed and partners in business partnerships may have been eligible to claim. As the claim period for the fifth grant ends on 30 September 2021, this article rounds up some useful information re...
HMRC have advised LITRG that they are reviewing the penalty position of taxpayers to whom they issued protective assessments in March 2021 relating to offshore tax liabilities. HMRC will discuss the position with the taxpayer first, before sending the taxpayer a penalty explanation letter. ...
From 30 November 2021, HMRC will stop making any payments into Post Office Card Accounts (POCa). This is because their contract with the Post Office is ending. Anyone who uses a Post Office Card Account for their payments from HMRC must provide different bank account details otherwise payments wi...
The loan charge situation continues to rumble on, with many people still trying to deal with difficult, ongoing issues. Here we offer some information and support to four different groups of people we have identified, who may have outstanding loan charge issues to resolve. ...
If you’ve just lost your job, you might be wondering if you can claim a tax refund… Because your tax is usually calculated on a yearly basis, if you’ve stopped working part way through the tax year, you might have paid too much tax and be able to claim a refund! ...