HMRC ramps up tax credit renewal reminders

HMRC has issued a reminder that taxpayers must renew their tax credits by 31 July, or risk having their payments stop, as part of a concerted campaign to ensure individuals take action. HMRC says failure to renew before 31 July will mean payments are stopped, while in...

Childcare and tax: 30-hours free childcare

Working parents of three and four-year-olds in England can be eligible for 30 hours of free childcare per week for 38 weeks of the year. The eligibility criteria are similar to tax-free childcare (ie, earning at least the national minimum wage or the national living...

Impact of Brexit on UK financial services nears £4bn

Brexit has cost the UK financial services sector close to £4bn, despite companies pausing job and asset moves once the extension to October for leaving the EU was announced, according to analysis from EY which says the final spend may be much greater The firm’s Brexit...

Changes to registration rules will net all trusts

The introduction of blanket disclosure means all UK trusts will have to register details of their ownership on the UK Trust Register from next year, resulting in millions of additional registrations. The Association of Taxation Technicians (ATT) is warning that the...