by Samantha Sutcliffe | Mar 9, 2022 | HMRC, Tax
IHT receipts up by £700m – but why you should see this as a ‘voluntary’ tax Inheritance tax (IHT) is one of the most hated taxes there is, mainly because for many people their estate faces a 40% tax rate which is higher than they would have... 
by Samantha Sutcliffe | Feb 11, 2022 | Business, Claims, COVID-19, HMRC, Tax
Businesses Helped by COVID-19 Support Could Face Unexpected Tax bills Businesses and self-assessment taxpayers are being reminded they need to include all grants paid as part of the COVID-19 support payments in their tax returns, as some may think these were... 
by Samantha Sutcliffe | Feb 8, 2022 | COVID-19, HMRC, SEISS, Tax
Taxpayers get extension to self-assessment filing dates Millions of taxpayers who are yet to submit their completed Self-Assessment tax return which is due before January 31 are being given a grace period to file until February 28. More than 12.2 million customers are... 
by Samantha Sutcliffe | Jan 28, 2022 | HMRC, NICs, Tax
Payments on Account Payments on account are advance payments towards your tax and, where relevant, your Class 4 National Insurance bill. You may need to make them if you are self-employed or if you are a landlord. You may also need to make them if you operate your... 
by Samantha Sutcliffe | Jan 21, 2022 | HMRC, Tax
ITSA registration HMRC have published a call for evidence on the case for reforming the rules for registering for Income Tax Self Assessment (ITSA). The call for evidence is interested in hearing views on whether it would be beneficial to bring forward the deadline by... 
by Samantha Sutcliffe | Jan 14, 2022 | COVID-19, HMRC
SSP Changes To help employers affected by the spread of the Omicron variant of COVID-19, the Statutory Sick Pay (SSP) rebate scheme for small employers is being reintroduced. In addition, the period for which an employee can self-certify a sickness absence is...