On 18 March 2022, the government launched the ‘Homes for Ukraine’ scheme. Under the scheme, those who accommodate refugees of the conflict in Ukraine are given a monthly ‘thank you’ payment of £350. We explore what this means for taxpayers and benefit claimants.
The Office of Tax Simplification is undertaking a review into the taxation of property income and is asking for taxpayers to provide direct input. The deadline to provide comments is 5 June 2022.
Do you live in Scotland? Or have an interest in how the Scottish Government and Scottish taxes work? Then the Scottish Government’s new, short video may be for you. Find out below how to watch it.
Since 4 April 2022, if you are renewing a taxi, private hire or scrap metal licence in England and Wales then you need to complete a ‘tax check’ before you can renew the licence. The rules will be extended to Scotland and Northern Ireland from April 2023.
At the start of each new tax year (from 6 April) there are changes to minimum wage rates, tax rates and other rates. If you are employed, these changes might affect your ‘take home pay’ or ‘net pay’ – that is the money that ends up in your bank account when you are paid by your employer.
Around 2.3 million people in the UK are thought to own cryptoassets. If you are one of them, make sure you consider if you need to report and pay tax to HMRC on your cryptoasset activities.