Do not forget top-up childcare payments
As families struggle to manage household finances with the cost-of-living crisis, parents are being reminded that there is cash available to help towards childcare costs. Up to £2,000 a year is available to help pay for half-term holiday clubs and wraparound care during school terms. Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “Tax-Free […]
Teenagers sitting on unclaimed nest eggs
Tens of thousands of pounds is sitting in bank accounts unclaimed by teenagers who may not even know it exists. The cash is from matured Child Trust Funds savings, a scheme set up for every child born between 1 September 2002 and 2 January 2011. To encourage future saving and start the account, the Government […]
Self-Assessment customers at risk of HMRC scams
Beware of fraudsters if you are starting to think about completing your annual tax returns. Self-Assessment customers have become a target for unscrupulous criminals, with some threatening arrest and others promising a sizeable rebate. In the 12 months to August 2022, HM Revenue and Customs (HMRC) responded to more than 180,000 referrals of suspicious contact […]
Regulations burden lifted for medium-sized businesses
Around 40,000 businesses are now exempt from reporting requirements as the Prime Minister unveils a new plan to boost productivity. Liz Truss has announced that thousands of the UK’s fastest-growing businesses will be released from existing requirements and other regulations. Currently, small businesses are presumed to be exempt from certain regulations. However, many medium-sized businesses […]
