HMRC Delays For some time now, HMRC have been incredibly slow at dealing with most matters, in particular, responding to letters and appeals. The Times have published an article about this, which may be of interest. Do of course let us know if there are any matters outstanding that you are waiting to hear about…
Read more → HMRC DelaysWorking from home: claiming tax relief from April 2022 HMRC have released the following notes regarding the above. Government instructions to work from home where possible, including the legal requirement to self-isolate if you or a close contact tested positive for coronavirus, meant that in tax years 2020 to 2021 and 2021 to 2022 millions…
Read more → Working from home: claiming tax relief from April 2022Paying PAYE HMRC have produced some useful notes regarding how to pay PAYE and the correct references to use. Please click here for further details.
Read more → Paying PAYESpring 2022 Budget – Key Points National Insurance for Employees From 6 July 2022 the national insurance contributions (NIC) class 1 primary threshold (PT) for employees will be aligned with the income tax personal allowance. The PT will be £242 per week from 6 July (currently £184 per week in 2020/21, rising to £190 per…
Read more → Spring 2022 Budget – Key PointsMarch 2021 Budget Notes The following notes are not intended to be a comprehensive narrative on all of the Budget announcements but rather a summary of the items that we believe may be of value to clients. Please do let us know if you require any clarification or if there are any items that you…
Read more → March 2021 Budget NotesDeferral of VAT Payment If you took advantage of the option to defer any VAT payments due between 20th March 2020 and 30th June 2020 then you will soon need to consider how you are going to settle the liability. If you wish to make payment in full then this will need to be done…
Read more → Deferral of VAT PaymentExtension to the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEIS) The following notes have been provided by HMRC: Extension to the Coronavirus Job Retention Scheme Today the Chancellor has announced that CJRS will be extended until the end of March 2021 for all parts of the UK. For claim periods…
Read more → Extension to the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEIS)The off-payroll working rules (IR35) The off-payroll working rules can apply if a worker (sometimes known as a contractor) provides their services through their own limited company or another type of intermediary to the client. An intermediary will usually be the worker’s own personal service company, but could also be any of the following: a…
Read more → The off-payroll working rules (IR35)Working from home allowance Money Saving Expert have published the following notes and guidance regarding the working from home allowance: If your employer requires you to work at home, you can – and always have been able to – claim for increased costs due to working from home, eg, heating and electricity. Clearly, right now many firms have closed…
Read more → Working from home allowanceExtension of the Coronavirus Job Retention Scheme and the Self-Employment Income Support HMRC have released the following notes regarding to the two schemes: Coronavirus Job Retention Scheme The Coronavirus Job Retention Scheme (CJRS), which was due to end on 31 October, will now be extended, with the UK government paying 80% of wages for the…
Read more → Extension of the Coronavirus Job Retention Scheme and the Self-Employment Income Support
