HMRC recently started sending out tax credit renewal packs. If you need help with your renewal or have questions about your tax credits, this article explains the different ways of contacting HMRC. It also tells you how to complete your renewal or report changes of circumstances for tax credits.
Many self-employed, and partners in partnerships, claimed the fourth and fifth Self-Employment Income Support Scheme (SEISS) grants during the last tax year.1 LITRG is reminding SEISS claimants that these grant payments are taxable income and need to be included on their 2021/22 Self ...
Self-Employment Income Support Scheme (SEISS) grants were paid to many self-employed individuals and partners in partnerships during the coronavirus pandemic. These grants need to be included on your tax return as they are subject to income tax and self-employed National Insurance contributions.
The umbrella company marketplace is constantly changing. In this article we highlight five things to watch out for in 2022/23 if you are about to sign up to, or are already working through, an umbrella company.
Scottish student loan borrowers may be making repayments under ‘Plan 4’ from the 2021/22 tax year onwards. This article explains who falls under Plan 4 and how the loan repayments are calculated. It also covers what student loan information you need to put on your tax return and where you can find ...
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.