• Self Assessment penalty waivers 20/21

    Self Assessment penalty waivers 20/21

    HMRC have announced they will not charge late filing fees or late payment penalties on those who do not file before 28th February and pay or have a plan in place by 1st April 2022.

  • Do I need to top up my pension?

    Do I need to top up my state pension?

    A full single tier state pension is payable to people who have 35 qualifying years. Individuals who have less than 35 qualifying years, but at least 10 qualifying years are entitled to a reduced state pension.

  • Struggling to pay tax – What should you do?

    Struggling to pay tax – What should you do?

    The January self-assessment payment deadline is not well timed, falling as it does in a month when people may be already struggling to pay their Christmas credit card bills. However unpalatable the 31 January tax deadline is, it is not one that should be ignored.

  • Payments on account – Who needs to pay and how are they calculated?

    Payments on account – Who needs to pay and how are they calculated?

    The self-assessment tax return for 2020/21 must be filed online by midnight on 31 January 2022 if a late filing penalty is to be avoided. 

  • Reporting Covid-19 Support Payments on your tax return.

    Reporting Covid-19 Support Payments on your tax return

    If you are self-employed and you received Covid-19 support payments during the pandemic, you may need to report these on your self-assessment tax return. 

  • Keeping the Christmas party tax-free.

    Keeping the Christmas party tax-free

    Last year, the Covid-19 pandemic and national lockdown took Christmas parties (other than virtual ones) off the agenda. This year, they may be a temptation to make up for lost time. How can you celebrate the festive season without triggering a tax liability in the process?

  • Tax-free help with childcare costs.

    Tax-free help with childcare costs

    Childcare costs can be very expensive and any help is welcomed, particularly where you can benefit from that help tax-free. There are various routes by which this is possible.

  • From April 2022, both national insurance and dividend tax are set to rise by 1.25%.

    National Insurance and dividend tax to go up 1.25% from April 2022

    From April 2022, both national insurance and dividend tax are set to rise by 1.25%.

  • Making mileage payments to employees.

    Making mileage payments to employees

    As the country emerges from the Covid-19 pandemic, business travel is once again on the agenda. 

  • Collection of tax debts post Covid-19.

    Collection of tax debts post Covid-19

    During the Covid-19 pandemic, HMRC paused much of their tax collection work but as the country starts to emerge from the pandemic, HMRC have once again turned their focus to the collection of tax debts, publishing a policy paper setting out their approach.

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