Tax may have been deducted at source from the interest element of a payment protection insurance (PPI) pay-out. If the tax deduction means that you overpaid tax in the tax year in which you received the PPI pay-out, you can claim a repayment as set out below.

Penalties for late payment of tax are being reformed. The new rules have applied to taxpayers in respect of VAT obligations since 1 January 2023 and to taxpayers voluntarily in scope of Making Tax Digital for Income Tax Self Assessment since 6 April 2024. LITRG and the CIOT have commented on ...

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, ...

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’ ...

If you are struggling financially, you may be tempted to withdraw money from your pension to help you out. This may not always be a good idea. There is a minimum age to take money from a UK registered pension (usually 55). If you take money out sooner, you are likely to face large tax charges. The ...

HMRC make numerous decisions about tax credit awards and payments. Sometimes, you may disagree with a decision on your award. This page describes the types of decisions that you can challenge formally through the appeals process and how to do that. Changes to the process were made following a court ...