HMRC has given taxpayers an extra two years to plug any gaps in their NIC record from April 2006.
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Claiming child benefit is, after the initial claim, an incredibly straightforward process (subject to the issues raised above regarding higher earners).
Continue ReadingIf your company undertakes research and development (R&D) you will usually benefit from generous tax relief.
Continue ReadingThere is currently no legislation specifically targeted at social media influencers, however the fast-growing industry is very much on HMRC's radar.
Continue ReadingIn families where child benefit is claimed, it is important that the individual or couple receiving the child benefit keeps a close eye on their income level.
Continue ReadingHMRC has confirmed that requirements to report additional information will come into effect from the 2025-26 tax year or possibly a later period.
Continue ReadingThe Nationwide Building Society has paid what is described as a 'fairer share' of £100 each to around three million of its customers.
Continue ReadingIn Spring Budget 2023 the Chancellor announced a welcome change to the tax treatment of pensions - the scrapping of the Lifetime Allowance (LTA).
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