We regularly receive queries via our website. We do not give advice, but we try to signpost sources of further information and support. Some of the replies might be useful to others, so occasionally we post them anonymously as ‘question and answer’ news items. We have received questions recently, su...
From this month, the first of 6.3 million Child Trust Fund accounts can be accessed. If you have turned 18 since 1 September 2020, you may have access to funds which have been locked away since you were born. LITRG has published new guidance on what you need to know. ...
For most people working at home over lockdown, there will have been no travelling expenses. But, what if you had to visit a client or attend a socially distanced meeting that you could not do from home? Or you had to go to your closed office to pick something up or deliver something? Can you get tax...
The loan charge is a tax charge that needs to be reported and paid by the 30 September 2020. If you worked through an umbrella company in the past, you may have been paid through arrangements that are caught by the loan charge – although you may not have realised this was the case. In this article w...
Tax returns that are filed on paper, rather than online, normally need to be with HM Revenue & Customs (HMRC) by 31 October following the end of the tax year. This April, HMRC decided to encourage more people to file online by sending many paper-filers a Notice to complete a tax return (form SA3...
Given the current unprecedented jobs and income situation, it is likely that some people could now pay less loan charge by way of the three-year spreading provisions, because one of those three years will be 2020/21. ...