HMRC has launched a new online voluntary NICs payment service. The government says the new service will make it easier for customers to check for and fill any gaps in their National Insurance record to help increase their State Pension. It also said that the new Check your State Pension service has been enhanced to include an end-to-end digital solution. The service shows cu ...

HMRC’s decision to halt its plans to restrict taxpayer helplines and direct people to online services instead has been met with relief by the Federation of Small Businesses (FSB). The tax authority had announced that it was closing its self assessment helpline for six months every year. It was also restricting the opening times of its VAT helpline and the usage of its PAYE hel ...

At a glance The Annual Tax on Enveloped Dwellings (ATED) is an annual charge on UK residential properties which are valued at £500,000 or more and held by a company, a partnership with a corporate partner (also known as mixed partnerships), or Limited Liability Partnerships.   The rules do not apply to the total value of properties held but apply to each individual property a ...

HMRC is warning people to be wary of bogus tax refund offers following the self assessment deadline on 31 January. The tax authority says that fraudsters could set their sights on self assessment taxpayers, with more than 11.5 million submitting a tax return by last month's deadline. HMRC warns that taxpayers who completed their tax return for the 2022/23 tax year by the 31 J ...

The amount needed for a single person to have a moderate retirement has risen to £31,300, according to the Pensions and Lifetime Savings Association (PLSA). The rising cost of living and an increased importance on socialising following the pandemic had pushed up the income required by £8,000, the PLSA said. The PLSA uses evidence from focus groups to make the estimates, and t ...

HM Revenue and Customs (HMRC) has released a “tax simplification” update confirming that the reporting and paying of income tax and class 1A national insurance contributions (NIC) on benefits-in-kind (BIK) via payroll software will become mandatory from April 2026. This follows the changes made during the 2022/23 reporting season whereby amendments to P11Ds had to be completed ...

If you are a beneficiary of the deceased’s estate or family, it is possible to find out if a Grant of Probate or Letters of Administration have been granted, but that’s all you can do. You need to be the person(s) that applied for Probate to be able to track the progress of a Probate application. After you've applied for Probate, your application will be reviewed by the Probat ...

Charitable organisations in England can obtain a mandatory 80% reduction in business rates on any property it occupies and uses wholly or mainly for charitable purposes, with local authorities able to offer a further 20% discretionary relief. A recent Supreme Court case (London Borough of Merton v Nuffield Health) has confirmed the test for eligibility for this relief. The case ...

HMRC targets buy to let landlords claiming higher levels of repair and maintenance expenditure Landlords across the UK have started to receive letters from HMRC as part of their ‘One-to-Many’ campaign. This letter focuses on the repair and maintenance costs claimed within the taxpayers 2021/22 tax return. Since December 2023, HMRC has been reaching out to landlords who comple ...

Once a Grant of Probate has been issued, you may expect to receive your money quickly if you have been in line to inherit. However, this can vary greatly due to the complexity of the estate, and the possibility of the Will being contested, as well as more personal delays such as the Executors fitting this process around their lives. For an estate which has not got any property ...