HMRC can help with childcare costs as children head back to school. Families may be eligible for Tax-Free Childcare to help pay for breakfast and after school clubs as children go back to school. Parents and carers can check their eligibility and register for Tax-Free Childcare via GOV.UK: Tax-Free Childcare. Each eligible child…
Families receiving Child Benefit for their child in the last year of school or home education should have received the reminder letters to confirm changes to their child’s circumstances that may affect Child Benefit. If teenagers decide to continue their full-time non-advanced education or approved training, parents or carers will be…
Tax credit customers should have received the Statement of Account letter. If HMRC has stopped their payments, they must contact HMRC within 30 days of the date on their Statement of Account letter and complete their renewal. HMRC will process the renewal and reinstate their 2021/22 claim back to 6 April…
Reforms to the tax system, which will come into force by 2023, make it easier for small businesses to fill out their returns. Businesses will be taxed on profits arising in a tax year, rather than profits of accounts ending in the tax year. It should help them spend less…
All workers are legally entitled to be paid the National Minimum Wage. This includes temporary seasonal staff, who often work short-term contracts in bars, hotels, shops and warehouses over the summer. Workers should check their hourly rate and look out for any deductions or unpaid working time, which would reduce their…
The first ‘stamp duty’ was introduced on 28 June 1694 as a temporary measure (for four years) to fund the war on France. It was paid on all paper, vellum, or parchment to be used for legal documents, and an embossed, colourless stamp indicated payment, hence the name. Various duties…
Pay as You Grow repayment flexibilities now include the option to delay all repayments for a further six months, meaning businesses can choose to make no payments on their loans until 18 months after they originally took them out. Learn more…
The «Time to Pay» (TTP) arrangement is a designed scheme to help businesses with temporary cash flow problems. It allows spreading your business tax payments over a longer period of time. This agreement is reached between the business and HMRC in an affordable way to pay outstanding debts. TTP can…