UK Chancellor Rishi Sunak this afternoon announced his Spring 2022 Statement from the UK Government. Within this announcement, The Chancellor affirmed the Government’s commitment to stand behind businesses in the UK. Boosting productivity and productivity within the UK is key to the Spring Statement, as are the plans to incentivise …
Tax-Free Childcare can ease the cost of the return to school, says HMRC
Families may be eligible for Tax-Free Childcare (TFC) to help pay for breakfast clubs and after school clubs as their children go back to school, HMRC has said. Eligible families can save money on their childcare and benefit from a government top-up worth up to £2,000 every year, or up …
HMRC urges taxpayers to stay alert to digital scams
HMRC has urged taxpayers to stay alert to the threat of digital scams and scammers claiming to represent HMRC. Research published by HMRC revealed that the number of tax-related scams has doubled in the past 12 months. In the past year HMRC has received more than one million referrals from …
Deadline looms for parents to update Child Benefit for 16-year-olds
HMRC has reminded parents and carers that they have until 31 August 2021 to confirm whether their teenagers are staying in full-time education or training beyond 16. If they do decide to continue their full-time education or training, parents and carers will be eligible to continue receiving Child Benefit payments …
Ireland’s Debt Warehousing Scheme gets an extension
In June, the Irish government as part of their Economic Recovery Plan 2021, announced that there would be an extension of the period during which tax debts could be warehoused under their Debt Warehousing Scheme. Additionally, the scheme would be expanded to cover Employment Wage Subsidy Scheme overpayments. Originally announced …
Over 280,000 families now using Tax-Free Childcare
More than 282,000 working families used a Tax-Free Childcare (TFC) account during March, according to figures from HMRC. HMRC said that it is the highest recorded number of families in any one month since the scheme was launched in April 2017. These families received a share of more than £33 …
800,000 claim tax relief for working from home
Almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on household related costs, HMRC has confirmed. The saving is worth up to £125 per year for each employee, and eligible workers can claim the full year’s entitlement if they have been told …