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HMRC warns students of tax scams

HMRC is warning university students new to the world of working to be wary of potential scams. With higher numbers joining university, we are likely to see more students take on part-time work. As many young people may be unfamiliar with HMRC and legitimate contact...

What is round the corner?

Having glimpsed the light at the end of the COVID tunnel, many of us will have everything crossed that progress towards normality will continue. The winter months are not a brilliant time for infection and we should expect the usual rash of flu, and now COVID, cases...

NIC and social care levy high jinks

No surprises when the Prime Minister announced a hefty 1.25% increase in NIC Class 1 and Class 4 rates from April 2022. The announcement was widely predicted. Effectively, this is a tax increase on earnings (employed or self-employed) and on costs for employers. It is...

Almost there… Or are we?

England remains in step 3. The government has announced a 4-week pause at Step 3. Step 3 restrictions remain in place. It is now expected that England will move to Step 4 on 19 July, though the data will be reviewed after two weeks in case the risks have reduced....

Informed decisions vs guesswork

First, let’s define these terms. “informed” - a decision or judgement based on an understanding of the facts of the situation. “guesswork” the process or results of estimating or concluding something without sufficient information to be sure of being correct.  And...

Are you ready for your July tax payments?

January and July are positive cash flow months for the UK Treasury as a number of significant taxes fall due for collection. Next month, July 2021, taxpayers may need to settle the following liabilities: 1 July 2021, companies with corporation tax due for the year end...

Beware of bogus contacts from HMRC

None of us are particularly thrilled to receive communications from HMRC, but fraudulent contacts, by email and other means, are becoming commonplace and innocent members of the public are being left out of pocket. According to HMRC, in the 12 months to 30 April 2021,...

Outlook for employment

Government continues to be optimistic about the outlook for employment. In a recent press release they said: “Furlough numbers have fallen to their lowest level this year, according to official statistics published 3 June, as the number of people relying on the scheme...