As most drivers of a company car will be aware, if you have any private use of the vehicle this will result in a significant Income Tax charge. The benefit charge is the way that HMRC levy tax on this benefit in kind; and the…
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Can you claim the marriage allowance?
In a recent news story published on the GOV.UK website, HMRC confirmed that nearly 1.8 million married couples and those in civil partnerships are claiming the Marriage Allowance to save up to £252 a year in Income Tax. The allowance enables married couples or those…
Furlough figures continue to fall
Almost three million people have moved off the furlough scheme since March as the economy began to bounce back and businesses reopened, according to new statistics. This is unsurprising as employers are now expected to cover 20% of any hours not worked with government providing…
Tax collection options
If you do not pay your tax bill on time and cannot make an alternative arrangement to pay, HMRC can take ‘enforcement action’ to recover any tax you owe. You can usually avoid enforcement action by contacting HMRC as soon as you know you have…