Anna’s Accountancy Alerts – Week 7 (16th – 22nd May 2022)

Blackwoman Calculating Tax Bill

Tax reliefs available

A new page on HMRC’s website, titled Check what financial help you can get from HMRC has been published. This summarises five areas where people may be missing out on help, including:

  • child benefit and tax-free childcare
  • work related expenses
  • the marriage allowance
  • the help to save initiative for recipients of Working Tax Credit or Universal Credit.

Tax Conditionality Checks

Since April 2022 taxi drivers, private hire vehicle operators and scrap metal dealers must complete an online tax check when they apply for a licence. Without this they will not be able to obtain or renew a licence to trade.

Complete a tax check for a taxi, private hire or scrap metal licence – GOV.UK

HMRC and job expense claims

If you want to claim tax relief for job expenses by post, from 7 May 2022 you must use HMRC’s new version of the Form P87. Other forms of written claims will be rejected. The new version of the P87 can be downloaded from HMRC.

Claim Income Tax relief for your employment expenses (P87) – GOV.UK

Stay Up-To-Date With Coronavirus & Brexit News

Coronavirus has affected us all. Whether you’re a sole trader, employer or employee. Stay up to date with the latest news – including government support, tax implications, and more.