Deadline extended for voluntary NIC payments

Deadline extended for voluntary NIC payments

HMRC has given taxpayers an extra two years to plug any gaps in their NIC record from April 2006.

Influencers subject to tax on non-cash gifts

Influencers subject to tax on non-cash gifts

There is currently no legislation specifically targeted at social media influencers, however the fast-growing industry is very much on HMRC's radar.

Nationwide Building Society bonus

Nationwide Building Society bonus

The Nationwide Building Society has paid what is described as a 'fairer share' of £100 each to around three million of its customers.

Keeping a child benefit entitlement

Keeping a child benefit entitlement

Claiming child benefit is, after the initial claim, an incredibly straightforward process (subject to the issues raised above regarding higher earners).

Relaxation of rules on self assessment for child benefit

Relaxation of rules on self assessment for child benefit

In 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.

Pensions update - changes to income tax for beneficiaries

Pensions update - changes to income tax for beneficiaries

In Spring Budget 2023 the Chancellor announced a welcome change to the tax treatment of pensions - the scrapping of the Lifetime Allowance (LTA).

Merged R&D relief scheme

Merged R&D relief scheme

If your company undertakes research and development (R&D) you will usually benefit from generous tax relief.

HMRC demands more data

HMRC demands more data

HMRC has confirmed that requirements to report additional information will come into effect from the 2025-26 tax year or possibly a later period.

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