Author Archives: Kamlesh Rajput

Struggling To Pay Tax – What Should You Do?

HMRC Granted New Powers To Crack Down On Covid-19 Related Fraud

The January self-assessment payment deadline is not well-timed, falling as it does in a month when people may be already struggling to pay their Christmas credit card bills. However unpalatable the 31 January tax deadline is, it is not one that should be ignored. Taxpayers who are within self-assessment will need to pay any remaining […]

Electric Charging Points – Is There a Tax Liability?

Electric Charging Points Is There a Tax Liability

In today’s blog, we look at the question ‘does a tax charge arise if an employer provides a charging point to enable employees to charge their own cars at work?’ If you’re planning to help your employees go electric, have a read by following the link below. As part of the Government’s push to encourage […]

Income From Savings – What Is Tax-Free

income from savings

Not all types of income are equal from a tax perspective, and savings income enjoys dedicated allowances, tax rates and reliefs which allow a taxpayer to enjoy some or all of their savings income tax-free. Personal allowance The personal allowance for both 2021/22 and 2022/23 is set at £12,570. Any savings income that is sheltered […]

Construction Industry Scheme

construction industry scheme

How to work out whether it applies – practical problems on submission, penalties The Construction Industry Scheme (CIS) requires the registration of anyone who works in that industry, be that a sole trader or a company. The registration rule includes the largest of businesses if that business is paid by another engaged in construction operations. […]

Pension And Minimum Age

pension and minimum age

Increasing the normal minimum pension age The normal minimum pension age (NMPA) is the age at which most pension savers can access their pensions without incurring an unauthorised pension charge (unless they take their pension earlier due to ill-health). A registered pension scheme cannot normally pay any benefits to members until they reach the NMPA […]

Furlough Fraud 4.9bn

furlough fraud 4bn

The government’s measures to prevent fraud in its bounce back loan scheme (BBL) have been labeled inadequate by National Audit Office (NAO) and were introduced too late. A report by the government’s spending watchdog estimated that £4.9bn of the £47bn that was given out as part of the Covid-19 small business support scheme was fraudulent […]

Covid-19 Grants Are Taxable

Reporting Covid-19 Support Payments on your tax return If you are self-employed and you received Covid-19 support payments during the pandemic, you may need to report these on your self-assessment tax return. If you are an employee and you were furloughed and received furlough grants under the Coronavirus Job Retention Scheme, these were liable to […]