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It might take some time to get back to a normal state and millions will continue to work from home. Due to the pandemic, people are continuing to work from home and last year the work from home tax relief was introduced by the HMRC. The HMRC has recently confirmed that the work from home tax relief scheme is applicable for the 2021/2022 tax year. Let us take a look at how you can claim tax relief.

Taxes cannot be avoided by anyone, but it’s something which everyone would like to reduce. Often we hear news across the world where we see a lot of the global companies avoiding tax. However, it is a tricky concept, and there is a difference between tax evasion vs tax avoidance. In simple words, tax evasion is considered illegal, whereas tax avoidance is considered to be legal. Even though tax avoidance is considered legal, it needs to be done with care and ensure nothing is crossing the line. Both actions have brought significant losses to the HMRC in taxes. However, the HMRC are taking the necessary action to reduce such losses.

The pandemic has struck the world and has had a massive impact on the economy. Therefore the government had announced that the VAT payments can be deferred. This is part of the government package of support worth more than £280bn. A business that had deferred VAT between 20 March 2020 and 30 June 2020 can now make the payment in installments. Let’s take a look at how to join the new vat deferral payment scheme of HMRC in detail.

There are various tax allowances in the U.K to save tax. The UK government’s marriage allowance is one such saving option for married couples or for those in a civil partnership. We will take a look at who can apply and how to apply for a marriage allowance.

Once you exceed your personal allowance, you need to pay the tax to the HMRC every year. However, there are a few allowances that you could receive that will reduce the tax to be paid.