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.
HMRC have published a new video explaining the help they can offer if you cannot afford to pay your tax bill. They have also published other videos and guidance to help if you are going through a compliance check.
The normal minimum pension age is the earliest point at which most people can access their pensions without incurring an unauthorised payment tax charge. However, there are exceptions for those who have a protected pension age or who take their pension due to serious ill-health.
The Scottish Parliament has confirmed the rates and thresholds for Scottish income tax that will apply to the non-savings and non-dividend income of Scottish taxpayers from 6 April 2021.
CIOT and LITRG have submitted a joint response to the consultation. This is informed by a survey that CIOT created, and which was aimed at members of CIOT, the Association of Taxation Technicians (ATT) and the Institute of Chartered Accountants of Scotland (ICAS), who are based in Scotland and have ...