From 6 April 2024, there are six rates and bands of Scottish income tax that apply to the non-savings and non-dividend income of Scottish taxpayers. We set out what this means for Scottish taxpayers.
In some situations, you need to actively claim a tax refund if one is due to you. These include refunds that relate to claims for the marriage allowance, tax relief on job-related expenses, and payment protection insurance (PPI) pay-outs where too much tax has been withheld at source. For refunds ...
There are 53 Thursdays and Fridays in the 2023/24 tax year, rather than 52. If you are weekly paid and will be paid on Thursday 4th or Friday 5th April, then you may encounter a ‘week 53’ issue which could impact your tax position.
The beginning of 2024 saw much confusion over how so-called ‘side hustles’ are taxed. This was prompted by the introduction of new reporting rules for online platforms, which mean HMRC will get information about online sales of goods and services from next year.So where did the confusion come ...
The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have welcomed today’s announcement1 by HMRC that they will be putting planned helpline closures on hold while they consider how best to help taxpayers harness online services.
The Low Incomes Tax Reform Group (LITRG) has responded with disappointment to the announcement1 that HMRC are to permanently close their self assessment helpline for six months of the year and reduce access to the line at other times of the year.