Don't miss out on tax reliefs
It's an unfortunate fact that some of the most widely applicable tax reliefs are the most underclaimed. In an effort to encourage as many people as possible to claim these, HMRC has published a page giving a summary of the reliefs with a link for checking eligibility. What’s the full story?
A new page on HMRC's website, titled Check what financial help you can get from HMRC has been published. This summarises five areas where people may be missing out on help, including:
- child benefit and tax-free childcare
- work related expenses
- the marriage allowance
- the help to save initiative for recipients of Working Tax Credit or Universal Credit.
The site is essentially a central hub for these reliefs, with links to further information, e.g. eligibility, and how to make claims.
Related Topics
-
Selling spare items to your company
You’re short of cash but if you use the traditional methods to take more money out of your company you’ll pay higher rate taxes. Is there another way to extract profits without paying income tax or NI?
-
No such thing as a (tax) free lunch?
You run a small consultancy company and treat your staff to lunch in the office once a week. Your bookkeeper says it’s a taxable benefit in kind because staff lunches are only exempt if they are provided in a workplace canteen. Is this correct?
-
Judge criticises use of fabricated AI-generated cases in HMRC appeal
A tax tribunal judge has criticised the use of apparently fabricated case references generated by artificial intelligence in an appeal against HMRC. The incident highlights growing concerns over the use of AI tools in legal and tax proceedings. What happened?