Tax credit renewals
All tax credit claimants should have received their renewal pack by 4 June 2021. If you have not received your renewal pack you should contact HMRC on 0345 300 3900. You can renew your claim online at www.gov.uk/renewing-your-tax-credits-claim. If you need any...
Using trusts as an effective tax planning tool
Jonathan Walton and Owen Kyffin of Whitley Stimpson shared their knowledge on UK trusts and how they can be used as an effective tax planning tool in B4’s The Business Brunch.
Points and penalty system for making tax digital
HMRC has announced that they will use a new points based system to encourage taxpayers to submit MTD updates on time.
Furlough scheme extended
The Chancellor has extended the furlough scheme until 30 September 2021, with no employer contributions required until 30 June 2021.
Frozen tax bands and allowances
Income tax and national insurance contribution rates have been frozen for 2021-22 and are likely to remain frozen until the end of this Parliament in 2024.