In the past, the National Insurance Contributions Office (now part of HMRC) used to send out ‘deficiency notices’ telling people about gaps in their National Insurance contribution record. These notices gave you an opportunity to plug the gaps by paying additional contributions. But HMRC now expect ...
From April 2021, student loan borrowers who received their loans from the Student Award Agency for Scotland (SAAS), will have been moved to a new student loan repayment plan, called Plan 4. LITRG has published guidance on how these new Plan 4 repayments work if you are an employee and/or complete a ...
Since April 2018, there have been five rates and bands of Scottish income tax. This affects the way in which some Scottish taxpayers get tax relief on pension contributions and Gift Aid donations. Our article below explains how you can make sure you get the right tax relief.
It is welcome news to many self-employed people and partners in trading partnerships that the fourth Self-Employment Income Support Scheme grant (SEISS 4) claim process is now open until 1 June. This time, some people who started a business during the 2019/20 tax year will be eligible to claim. ...
During April 2021, HMRC are making one-off payments of £500 to certain working households on tax credits. This is part of the Government’s response to the coronavirus pandemic. HMRC expect all payments to be made to those who qualify by 23 April 2021. This article gives a brief overview of the ...
From 1 April 2021, the minimum wage rates went up. Also, if you are aged 23 or over, you are now entitled to the highest rate – the national living wage. It is possible that some employers may not be aware of the changes. Here we tell you what to do if you think your employer is one of them.