The coronavirus pandemic has meant that some jobs have stopped in their tracks, while other industries need extra staff. If you take on an extra job, especially if it is only temporary, your PAYE tax deductions can get in a muddle. The first thing to say is that how PAYE works can be confusing at...
Many employees have been asked to work from home in recent weeks. This seems to have resulted in some confusion about what expenses you can claim tax relief on. If you are claiming tax back from HMRC, make sure you get your claim right. ...
Did you stop working (and being paid), or take a pension before 6 April 2020? If so, you might be due a tax refund for the 2019/20 tax year, as the Pay As You Earn (PAYE) system may not have taken the correct tax from your wages or pension. Here’s how to check if you can claim a tax refund and, if s...
This article updates our previously published article on how to claim a Job Retention Scheme grant, based on new information provided by HMRC and our own experiences of testing the calculator and the system. ...
Since the publication of this news article it has been confirmed that the closing date for making a claim for the first SEISS grant is 13 July. we now understand that the grant will be treated as taxable income in the year of receipt, so in...
From 1 May 2020, HMRC will start to charge you daily penalties of £10 if you have not yet submitted your 2018/19 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 tha...