May 13, 2022 | Personal Tax
Nearly 66,500 workers filed their 2021/22 tax return on the first day of the new tax year on 6 April. HMRC has said that there has been an increasing number of people who file their completed returns on the first day of the tax year in recent years. Almost 30,000 more...
May 10, 2022 | Personal Tax
HMRC has confirmed the interest rate on late tax bills will increase by 0.25%, following the Bank of England's (BoE) increase of interest to 1%. The increase in interest means late payment rates will increase to 3.5% as of 24 May. This will be the second increase in...
Apr 22, 2022 | Personal Tax
Employees who claimed tax relief for working from home during the pandemic may no longer qualify in 2022/23, as legal restrictions have been lifted. During the COVID-19 lockdown, people newly working from home were encouraged to apply for tax relief for the whole...
Apr 20, 2022 | Personal Tax
HMRC has launched a new guidance page on its website, showing taxpayers if they are eligible to claim money back through tax breaks or access financial support, to help with the rising cost of living. As well as checking for eligibility, the site will tell people how...
Apr 8, 2022 | Business TaxPersonal Tax
More than 142,000 people have used the tax catchup 'time to pay' scheme (TTP) with HMRC to spread the cost of their self-assessment tax bill since April 2021. The deadline for self-assessment tax returns and tax payments for 2020/2021 was 31 January, but this year...
