Lockdown rules ease in England, Scotland and Wales

From Monday 17 May, Lockdown rules are easing in many parts of the UK. The foreign travel ban has also been replaced with the new rules. It’s possible that the government might lift the remaining restrictions in England on June 21, but these measures will not apply to Glasgow or…

The Taxpayer Protection Taskforce

The Taxpayer Protection Taskforce assembly was announced in the Budget 2021 to tackle frauds and errors related to COVID-19 government support packages. With an investment of over 1250 staff members and £100 million, this task force represents one of the largest responses to a fraud risk by HMRC. This assembly…

Beware of the SEISS email scams

Following on the SEISS grant 4 (covering the period from 1st February 2021 to 30th April 2021), a series of emails started emerging, usually named ‘HMRC SEISS Tax Refund Notification’ or similar. The emails seem quite genuine, carrying the Gov.uk logo, having the same formatting and everything else which would…

HMRC launches mortgage guarantee scheme from 19th April 2021

First time buyers, home movers and previous homeowners will be able to access 95% loan-to-value mortgages with only 5% deposit under the new scheme launched by HMRC. Now, what does this mean to borrowers exactly? There is no actual difference between the 95% mortgages taken through this scheme or the…

Informal payrolling of benefits stops from 2021-22 tax year

Employers who previously chose to informally payroll benefits will no longer be able to do so in the 2021-22 tax year. They will need to complete the registration with HMRC before the 5th April 2021 if they wish to proceed and formally payroll benefits as informal arrangements will no longer…

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