Blog
The Frozen Lifetime Allowance
“In March’s Budget, the Chancellor announced that instead of increasing in line with inflation, the pensions Lifetime Allowance will be frozen at its current level for the next 5 years. Whilst it was not a complete shock that some changes to the tax treatment of...
HMRC letters regarding your tax refund – are they genuine?
Are you due a tax refund and have received a letter from HMRC asking for you to verify who you are? If so, you would not be judged for thinking that this is just another way that scammers are trying to get your personal details. However, HMRC have confirmed that they...
Further Covid-19 VAT bill deferral available
With budget day looming at the point of writing, but likely having passed by the time of reading, picking a topic where change is not expected in the short term has been quite a challenge! However, the end of March this year brings about a somewhat unusual deadline...
New self-employed during 2019/2020?
Did you commence self-employment during 2019/2020? Do you need to claim the extended self-employment income support scheme (SEISS), which ends on 30 September 2021, because your business has been affected by COVID? If so you will be required to complete a new...
Benefits affected by late payment of Class 2 NIC
So…. January and February have come and gone, as has the deadlines for filing 2019/2020 tax returns. As you will be aware HMRC had extended the deadline for the filing of tax returns for the year ended 5 April 2020 to 28 February 2021 but now that this date has...
Budget 2021
Budget 2021……whilst the tax hikes were not as many as forecast the actual tax take from the changes are significant, being the highest level since the late 1960’s. Also, as the Chancellor hinted, there may be more to come over the next few years to enable the books to...
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