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Child benefit goes digital
Personal TaxChild benefit payments take up to 16 weeks to commence. Now, HMRC has launched an online claim service for new parents which it says will take ten minutes to complete, and as little as three days for payments to arrive. What will you need to use the new service?
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Scottish Budget hikes income tax for higher earners
Personal TaxThe Scottish government presented its 2024/25 Budget to Holyrood yesterday. The headline changes are a move to a six-tier income tax system, and a hike for those the government deems “higher earners”. Who will these changes affect?
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Changes to VAT zero rating imminent
VATHMRC has announced an extension to the materials qualifying for the VAT zero rate from 1 February 2024. What’s the full story?
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Taxpayer uses AI to argue against penalty
Personal TaxOne taxpayer recently decided to use AI to generate a defence against an HMRC penalty. How did things turn out for her?
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Are camping pods “buildings” for capital allowances purposes?
Business TaxThe First-tier Tribunal (FTT) recently considered whether a number of camping pods could qualify for the annual investment allowance. As with many similar cases, the answer was “it depends”. What can you learn from it?
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Criteria for self-assessment are changing
Personal TaxHistorically, you may have had to file a tax return if your income exceeded the point where the personal allowance starts to be tapered away. This has changed for 2023/24. However, the Autumn Statement also made a further change that will apply from 2024/25. What’s the full story?