The self-assessment system includes the right for HMRC to make enquiries to ensure the correct amount of tax is collected. However, these rights and the underlying time limits etc. are often a source of confusion. They have changed since self-assessment… Read more

Companies are able to relieve losses for tax purposes, subject to certain restrictions. These restrictions have been relaxed slightly in recent years, e.g. allowing companies to claim trading losses against other profits for future trading years. However, COVID19 has seen… Read more

COVID19 September is the final month of the furlough scheme, subject to any last-minute extension. Employers will need to top up the government’s contribution, which is now 60% of wages (up to a maximum cap of £1,875) to ensure the… Read more

Q1. My partner has been suffering with “long COVID” for several months, and unfortunately has had to leave her job as a result. As our son is in his second year of university, we can’t really afford the drop in… Read more

HMRC has issued a reminder to working parents that Tax-Free Childcare (TFC), the scheme the government phased in between 2017 and 2018, is not just for “traditional” childcare costs, such as regular hours after school during term time. It’s also… Read more