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HMRC is writing to online sellers, gig economy workers and influencers, asking for tax to be paid up for earlier years. People who make money from the online content they create may not realise that they need to declare that income for tax purposes, where ...

Many people are struggling to pay their bills right now, as tax is pushed down the list behind heating and food. If you still have tax outstanding for 2021/22, there are some things you can do. Firstly, review your payments on account for 2022/23, which ...

The new tax year starting in April will see personal allowances frozen, as well as cuts to tax exemptions that could increase your tax bills. Your tax-free personal allowance will be frozen for the third year running at £12,570 and the basic rate band also ...

You can save for retirement in a number of ways. The traditional route is via a pension scheme, but you could also use an ISA. Savers aged under 40 can open a Lifetime ISA (LISA) and contribute up to £4,000 per year, which attracts a ...

Working at home allowance Where you are required to work at home, your employer can pay you a tax-free allowance of £6 per week (or £26 per month). This allowance is to cover the additional costs incurred by using your home as a workplace, such ...

Giving to charity under Gift Aid can result in a lower tax bill for the donor. Making a Gift Aid donation will reduce your tax bill for the year in which the donation is made if your total income is above the 40% threshold (£50,270 ...

Where employees are required to work at home, their employer may provide office equipment or pay to boost the employee’s home internet service. Generally, these costs are not taxable on the employee if there is no significant private use of the asset or service. In ...

Last year we had four different Chancellors of the Exchequer and three Prime Ministers. There were three Government fiscal statements this autumn alone and we expect another series of Budget announcements in  spring. In this newsletter we set out what you need to know about ...

All VAT-registered businesses are now required to file their VAT returns using MTD-compatible software and to keep their VAT records in a digital format. This applies from the start of the first VAT period for newly registered businesses. The old VAT portal, which allowed you ...

VAT can trip you up, with expensive consequences. Here are five situations where it is easy to get the VAT treatment wrong. Services purchased from abroad (e.g. online advertising from a business based in Dublin) won’t show UK VAT. But you do need to calculate ...

All employers know they need to file their Full Payment Submission (FPS) under Real-Time Information (RTI) on or before the day they pay their employees. If the FPS is more than three days late, HMRC will firstly send an education letter to the employer, then ...

Clarke Nicklin Chartered Accountants are thrilled to welcome new payroll manager, Susan Cusick to join the team. Susan joins the team at an exciting time for the business and will be working alongside the team to provide payroll services for our clients. Susan who has ...