Recent Posts by

Tax breaks working from home

Employed persons

If your employer requires that you work from home, this will apply to many employees during the various COVID lock-down periods, HMRC will allow you to claim for any extra costs associated with working from home.

To save you calculating what these extra costs might be, HMRC has agreed a claim based on their estimate of the average extra costs you may experience if working from home.

The choices you have are therefore:

  • £6 a week from 6 April 2020 (for previous tax years the rate is £4 a week) – you will not need to keep evidence of your extra costs
  • the exact amount of extra costs you’ve incurred above the weekly amount – you will need...
Read more

Marriage Allowance claim

HMRC published the following press release on Valentine’s Day 2021.

HMRC is encouraging married couples and people in civil partnerships to sign up for a tax break this year.

Marriage Allowance offers individuals the chance to transfer part of their Personal Allowance to their husband, wife or civil partner, which could reduce their tax by up to £250 a year. For some couples, this could mean a backdated payment of up to four years of claims which could be as much as £1,188.

It is free to apply for Marriage Allowance and HMRC is encouraging customers to claim directly through its online portal to ensure they receive 100% of the tax relief they are eligible for.

For the tax...

Read more

Exporters – simplified declarations

You can make a simplified declaration before you export your goods. This is called ‘presenting’ your goods to customs.

The first part of your declaration does not need as much information as a full declaration. When it’s approved, you can export your goods or move them from your premises.

You will still need to give customs more information, but you send it later in a supplementary declaration.

You need to do this within 14 days of your goods departing the UK.

You cannot make simplified declarations for goods:

  • covered by the Common Agricultural Policy
  • subject to export licensing (exceptions apply)
  • subject to excise duty (exceptions apply)
  • that require a full customs declaration

Simplified declarations cannot be used if goods are entered into a special...

Read more

Minimum Wage levels from April 2021

From April 2021, the National Living Wage (NLW) will be the statutory minimum wage for workers aged 23 and over. It currently applies to workers aged 25 and over. The reduction in the NLW age threshold follows a review of the structure of the National Minimum Wage youth rates and recommendations made by the Low Paid Commission in autumn 2019. The threshold will further reduce to 21 by 2024.

 

The published rates for 2020-21 are:

Read more

Recent Comments by

    No comments by yet.

 

 

 

 

National Living Wage

 

£8.91

 

21-22 Year Old Rate

 

£8.36

 

18-20 Year Old Rate

 

£6.56

 

16-17 Year Old Rate

 

£4.62

 

Apprentice Rate

 

£4.30

 

Accommodation Offset