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Late tax payment interest rate rise

Late tax payment interest rate rise

The Bank of England’s Monetary Policy Committee (MPC) met on 2 February 2023 and voted 6-3 in favour of raising interest rates by 50 basis points to 4% in a move to try and continue to tackle upward pressures on inflation. This is the tenth time in a row...
Record number of taxpayers file on time

Record number of taxpayers file on time

HMRC has confirmed that more than 11.7 million people submitted their 2021-22 Self-Assessment tax returns by the 31 January deadline. This included over 861,000 taxpayers who left their filing until the final day and over 36,000 that filed in the last hour before the...
Half-term help with childcare costs

Half-term help with childcare costs

HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for February half-term holiday clubs and wraparound care during the school terms. The TFC scheme can help parents of children aged up to 11 years old (17 for those with...
Register as a childminder

Register as a childminder

There are fines for not registering as a childminder if you were required to do so. GOV.UK guidance on the matter states that you must register as a childminder if all of the following apply: the children are under the age of 8; you look after them for more than 2...
Post valuation transaction checks

Post valuation transaction checks

A Post Transaction Valuation Check (PTVC) can be requested from HMRC for an individual to work out a Capital Gains Tax liability or for companies to calculate Corporation Tax liability on chargeable gains. The request for a PTVC should be made using the CG34 form....