Couples who receive child benefit are in danger of having some of that benefit clawed back as a tax charge if the higher earner has annual income of over £50,000. When the higher earner has income exceeding £60,000 all of the family’s child benefit is clawed back.
All tax credit claimants should have received their renewal pack by 4 June 2021. If you have not received your renewal pack you should contact HMRC on 0345 300 3900.
The Bounce Back Loan Scheme (BBLS) was designed to enable UK businesses to access finance quickly during the Covid-19 pandemic. Businesses that were losing revenue and seeing their cashflow disrupted as a result of the outbreak were able to apply for loans of up to £50,000 from May 2020, with a payment holiday in place…
As we edge close to the lifting of the lock-down restrictions on 21st June 2021 (based on the government’s current roadmap), an increasing number of employees may wish to book holidays around the same time as each other.
Given that the Office for National Statistics (ONS) has estimated that over one million people have reported experiencing long Covid, the conciliation and mediation service, Acas, has issued an advice note that may be useful to your client.
Self-employed individuals will be able to apply for the fourth SEISS grant from late April if they submitted their tax return for 2019-20 by midnight on 2 March 2021 (it was due by 31 January 2021).
The Chancellor announced that taxes would have to rise, but not quite yet, as all tax rates except for VAT are frozen for 2021-22.
12 common questions people ask about expenses they can claim when running a business from home. What is an allowable expense? Won’t my allowable expenses be similar to other businesses similar to mine? What factors are taken into account when apportioning an expense? Are heating, lighting and power costs allowable? Are telephone and broadband costs…
