As a result of Coronavirus, Rishi Sunak has allowed the self-employed to spread out their tax payments to help fill gaps in income. But beware, interest is payable on outstanding tax at 2.6% from February. Full story here.
It’s the time of the year when you should get your tax calculation from HMRC. See this article for information about whether they’ve got it right!
See this Martin Lewis information regarding tax breaks you can get even if you only work from home occasionally.
A hike in taxes may be coming in October to pay for the cost of Coronavirus. This could result in the self-employed paying for support they never received! See the full story here.
Read this story explaining how you can claim a tax allowance if you’re working from home.
This article is from Nottinghamshire, but there’s no reason why it shouldn’t happen nationwide. So be careful out there!
See this article regarding excess tax paid by those who have drawn down on their pension savings.
HMRC has started investigations into wealthy tax dodgers. Read the full story here.
See this article where large payments to women who have been short-changed on their pensions could be taxed.
If you receive a P800 tax calculation form from the DWP, it may be worth checking it, they’re not always right. See the full story here.