In most cases, expenses an employee incurs at work are paid for by their employer, but some, like travel and accommodation expenses, are reimbursed later by the employer. Since 2016, the system for reimbursed expenses has been simplified, which means that HM Revenue & Customs (HMRC) will usually accept that business expenses that are reimbursed […]
New Debt Respite Scheme launched
A new Debt Respite Scheme, designed to give a debtor with problem debt the right to legal protection from their creditors, is now available. The new scheme consists of two new two types of ‘breathing space’: A standard breathing space – Available to anyone with problem debt, which offers legal protection from creditor action for up […]
New tax surcharges for late payments
In the 2021 Spring Budget, the Government announced a new penalty and interest regime to replace the VAT default surcharge.
HMRC publish new guidance on delayed customs import declarations
New Government advice will help traders submit customs import declarations for non-controlled goods imported from the EU, it has been announced.
Work from home tax relief: what employees need to know
It was confirmed this April that employees can continue to claim tax relief on work from home costs not reimbursed by employers, but only if they make a new claim for the 2021/22 tax year.
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