You may be able to turn £800 into £5,500 in your state pension Clare Casalis and Amalia Illgner | Edited by Ben Slater Updated 13 June 2023Share There is a potentially unbeatable opportunity everyone aged 45 to 72(ish) needs to consider. You’ve got until 5 April 2025 to buy back any missing national insurance years from 2006 to…
HM Treasury has corrected information on its website regarding the forthcoming increase in National Insurance after a tweet from MoneySavingExpert.com (MSE) founder Martin Lewis calling it “misleading” went viral. Gov.uk had written that National Insurance Contributions would rise by 1.25% from 6 April 2022. Yet this understates the rise, which for most people sees contributions…
More than two million people missed a self-assessment tax return deadline, but still have a month to file before they are hit with a penalty. HM Revenue and Customs (HMRC) said that 630,000 completed the online process on Monday, the final day before the cut-off, leaving 2.3 million still to file. However, the tax authority…
Using a company to help you claim a tax rebate could end up costing you hundreds of pounds extra according to consumer group Which? Dozens of firms online offer to help customers claim back tax they’re owed by HM Revenue & Customs, for example, for the Marriage Allowance. But these third-party firms charge fees and…
6th January 2022 HMRC has announced that we will not charge: 1. late filing penalties for those who file online by 28 February 2022 2. late payment penalties for those who pay the tax due in full or set up a payment plan by 1 April 2022. This will give taxpayers and their representatives additional time if they need it and…
Hardship Grant Assistance for businesses that are struggling as a result of the impact of the COVID crisis and that would benefit from a small capital investment to help them diversify or secure their future. Hardship grant applications will be considered for businesses that fall within the following categories: Retail Hospitality Leisure Events Home workers…
Set up a Self Assessment payment plan Your plan covers your balancing payment, your first and second payment on account, and any other penalties or charges against your account. You’ll have to pay interest on the amount you pay late. A payment plan allows you to pay your tax charges in instalments, over a period…
Change of date for MTD Income Tax Self-Assessment In September we announced that Making Tax Digital for Income Tax Self-Assessment is now being introduced a year later, in the tax year beginning on 6 April 2024. This follows stakeholder feedback and is in recognition of the challenges faced by many UK businesses and their representatives…
Cyber Aware Cyber Aware is the government’s advice on how to stay secure online. Improve your online security today From banking to shopping, and streaming to social media, people are spending more time than ever online. This means more opportunities for hackers to carry out cyber attacks. They often do this by targeting people and businesses…
Support for businesses and self-employed people during coronavirus Kickstart Scheme employer resources Page summary:If you’ve been offered Kickstart Scheme funding, you can use these resources to show your support for the scheme. Change made:Updated Kickstart Scheme logos. Time updated:2:54pm, 31 August 2021 Coronavirus Job Retention Scheme statistics: 29 July 2021 Page summary:Time series and statistics…