Working students are taxed in the same way as other employees. This means that if you get an employed job – for example during the summer – you will need to check your Pay As You Earn (PAYE) tax code to check you are paying the right tax. Use our guidance to help you! ...
Employers do not have to pay employees for their business travel. However, some employers may reimburse you partly or fully for business mileage in either a company car or your own car. We explain how these different employer payments are treated for tax. If your employer does not reimburse your bus...
Please note: this news article was originally published on 8 July 2024 and was updated on 26 July 2024 following confirmation from HMRC that they will write to affected taxpayers. HMRC have admitted that a processing error occurred with voluntary class 2 National Insurance contributions (NICs) ...
Are you approaching the age of 18, or have you recently turned 18? You might have had a Child Trust Fund set up for you shortly after you were born. You are able to access this when you turn 18. Here we look at what Child Trust Funds are, and the various ways you can search for yours if you or your ...
HMRC are currently sending tax credit claimants their annual renewal packs. The renewal process allows HMRC to finalise tax credit awards for the 2023/2024 year and set up new renewal claims for 2024/2025 (if appropriate). Universal credit is gradually replacing tax credits and so, like last year, t...
If you are hiring a carer or personal assistant, whether funded through government money, or privately, you can use our new flowchart to help you work out what, if anything, you need to do about tax. For example, if you are hiring someone and the nature of the arrangement is an ‘employment’ you...