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 f...
From 1 May 2022, HMRC will charge you daily penalties of £10 if you have not yet submitted your 2020/21 Self Assessment tax return (assuming the return was not issued late). Unless HMRC agree to cancel the need for a tax return, you should send it in as soon as possible – online, rather than on pape...
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. ...
The Office of Tax Simplification is undertaking a review into the taxation of property income and is asking for taxpayers to provide direct input. The deadline to provide comments is 5 June 2022. ...