800,000 claim tax relief for working from home

Jul 06, 2021

HMRC has confirmed that almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on household related costs.

The saving is worth up to £125…

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440,000 tax credit claimants still to renew their claims

Jul 06, 2021

HMRC is reminding tax credit claimants that they have until 31 July 2021 to renew their claims.

According to HMRC, 440,000 claimants have yet to renew their claims. More than 2.5 million annual…

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Fifth SEISS grant will be open to claims from late July

Jun 07, 2021

HMRC has confirmed that the fifth Self-employment Income Support Scheme (SEISS) grant covering the period May 2021 to September 2021 will open to claims from late July.

To be eligible for the…

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Forms P11D - reporting employee benefits

Jun 07, 2021

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2021, are due for submission to HMRC by 6 July 2021. The process of gathering…

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Advisory fuel rates for company cars

Jun 07, 2021

New company car advisory fuel rates have been published and took effect from 1 June 2021.

The guidance states: 'You can use the previous rates for up to one month from the date the new rates…

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Trade credit insurance scheme to close

Jun 07, 2021

The temporary Trade Credit Reinsurance (TCR) scheme that helped struggling supply chain firms secure insurance protection during the pandemic will close at the end of June, it has been confirmed.

In…

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Government confirms start date for Plastic Packaging Tax

Jun 07, 2021

The UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022.

The PPT will be charged at a rate of £200 per metric ton of chargeable plastic packaging…

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NIC reliefs set for Freeports

Jun 07, 2021

Freeport operators will be able to take advantage of a zero rate of secondary national insurance contributions (NICs) for employees, the government has announced.

The National Insurance Contributions…

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HMRC's VAT Deferral New Payment Scheme to close this month

Jun 07, 2021

Businesses that deferred VAT payments last year have less than a month left to join online and pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has warned.

The online…

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