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Month: Apr 2022

Can the child benefit charge be fixed?

25th Apr 2022

A critical review of how the government taxes child benefits has raised a major question mark over HMRC’s approach to collecting payments.  … More Can the child benefit charge be fixed?

Can the child benefit charge be fixed?

The next step for Making Tax Digital

19th Apr 2022

Making Tax Digital (MTD) for VAT has been in place for three years, but this first phase excluded voluntarily registered businesses beneath the registration threshold. From 1 April 2022, all VAT-registered businesses must implement MTD regardless of turnover. … More The next step for Making Tax Digital

The next step for Making Tax Digital

Student loan rule changes from 2023

14th Apr 2022

Around three quarters of those students who started full-time undergraduate degrees in 2020/21 are not expected to fully repay their student loans. However, changes starting with the 2023 student cohort will see many paying more, and over half of new student loans are likely to be repaid in full.  … More Student loan rule changes from 2023

Student loan rule changes from 2023

NICs boost for the self-employed

11th Apr 2022

Prior to the March Spring Statement, most self-employed individuals were facing increased national insurance contribution (NIC) bills this year. However, those with profits up to and just over £28,000 will now see a fall in the amount they pay compared to last year. What’s more, low earners can benefit from deemed contributions. … More NICs boost for the self-employed

NICs boost for the self-employed

Recent Posts

  • Tax implications for the bank of mum and dad
  • Making Tax Digital delayed once more
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