Over 280,000 families now using Tax-Free Childcare

Jul 06, 2021

More than 282,000 working families used a Tax-Free Childcare (TFC) account during March 2021, according to figures from HMRC.

HMRC stated that it is the highest recorded number of families in…

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Schemes create one stop shop for VAT on EU trade

Jul 06, 2021

Three schemes were launched on 1 July to deal with VAT on business-to-consumer supplies of goods and services to EU customers.

They are known as the 'Union', 'non-Union' and 'import' schemes.…

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HMRC launches 13,000 investigations into COVID-19 support schemes

Jul 06, 2021

HMRC has launched nearly 13,000 investigations into alleged abuse of the government's coronavirus (COVID-19) financial support schemes.

A freedom of information request revealed that, up to…

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Apprenticeship cash boost

Jul 06, 2021

The government has confirmed that employers of all sizes in England can now apply for £3,000 in extra funding to help them take on new apprentices.

The boost to the apprenticeship incentive…

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Furlough scheme starts to wind down

Jul 06, 2021

The government's Coronavirus Job Retention Scheme (CJRS) begins winding down from 1 July.

The latest data from the Institute for Fiscal Studies (IFS) shows that at the end of April 3.4 million…

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800,000 claim tax relief for working from home

Jul 06, 2021

HMRC has confirmed that almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on household related costs.

The saving is worth up to £125…

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440,000 tax credit claimants still to renew their claims

Jul 06, 2021

HMRC is reminding tax credit claimants that they have until 31 July 2021 to renew their claims.

According to HMRC, 440,000 claimants have yet to renew their claims. More than 2.5 million annual…

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