A Government minister has reminded large companies in the construction industry that new prompt payment rules are set to take force this year. From 1 September 2019, new legislation will mean large companies may be prevented from winning government contracts if they...
The number of families using tax-free childcare has more than doubled since this time last year, but around 1.4 million households could be missing out on the scheme. Recent HMRC statistics show that 125,000 families used tax-free childcare in March 2019. The figure...
The number of people accessing part, or all, of their pension savings from the age of 55 shows no signs of slowing down any time soon. Admittedly government records have only been documented since April 2015, when pension freedoms gave over-55s more options when...
Most people on a payroll don't need to give too much thought to the tax that's automatically deducted from their pay. Even if you file self-assessment, there's little to dwell on once your return is out of the way and you've paid the tax HMRC has calculated. That...
Workers in Wales have been accidentally charged Scottish rates of income tax, after a mix-up involving tax codes. Welsh rates of income tax were introduced on 6 April 2019, requiring employers in Wales to use a ‘C' tax code to apply the rates. However, HMRC reported...
