Have you claimed your Child Trust Fund cash?
Young persons who turned 18 on or after 1 September 2020 may have cash waiting in a dormant Child Trust Fund (CTF) account. This could be as much as or more than £1,000. The actual
£500m support for vulnerable households
The government has launched a new £500 million package of support for vulnerable households. The new Household Support Fund will be used to help those most in need with essentials
MTD for Income Tax has been delayed by one year to April 2024
The introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) has been delayed by one year until April 2024. This change was announced in a Written Statement
OTS releases video update
The Office of Tax Simplification (OTS) was established in July 2010, to provide advice to the Chancellor on simplifying the UK tax system. The OTS has recently published a
Student tax scam warning
HMRC is warning new students starting university that they could be targeted by scammers trying to steal their money and personal details. As new students start the academic year,
Government announces winter COVID plan
The Prime Minister, Boris Johnson has set out the government’s autumn and winter plan for managing Covid.
The government is aiming to sustain the progress made and prepare the
Budget date announced
The Chancellor of the Exchequer, Rishi Sunak has confirmed that the next UK Budget will take place on Wednesday, 27 October 2021. This will be the Chancellor’s third Budget and the
Capped social care costs from October 2023
The government has announced new plans to cap social care costs in England from October 2023. This change is expected to see the introduction of a new £86,000 cap on care costs
Child benefit when child turns 16
Taxpayers entitled to the child benefit should be aware that HMRC usually stop paying child benefit on the 31 August on or after a child’s 16th Birthday. Under qualifying
How to deal with tax appeals
There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. It is important to note that not all decisions by HMRC can be appealed against.