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Do you have a child at university right now or planning to start in September? Are you applying for student finance?  If parental  income has dropped by more than 15% since the 18/19 tax year, then you can request for a Current Year Income (CYI) Assessment.  See more at https://www.gov.uk/support-child-or-partners-student-finance-application/current-year-income

So we are nearly at the end of the first week of the job retention scheme portal opening and as a firm have processed over 100 claims helping more than 500 employees continue to get paid. We are still continuing to process the claims, hoping to help more businesses gain funding to keep going.  …

HMRC opened the Coronavirus Job Retention Scheme On-line Portal on Monday 20th April 2020, which allows employers to claim the Government Grant in respect of Furloughed employees.  As cash flow is a priority, our payroll team is busy helping clients compile and submit claims at the earliest possible opportunity.   At Whiting & Partners we…

A new ‘support finder’ tool will help businesses and self-employed people across the UK to quickly and easily determine what financial support is available to them during the Coronavirus pandemic.   https://www.gov.uk/government/news/government-launches-new-coronavirus-business-support-finder-tool

HMRC have now updated their residence guidance in respect of COVID-19, recognising that the pandemic may impact individuals’ ability to move freely to and from the UK, or require individuals to remain unexpectedly in the UK.   There have been two main changes: for overseas individuals coming to the UK to work in connection with…

When UK resident individuals, trustees and personal representatives dispose of residential property it is important to be aware of the Capital Gains Tax (CGT) reporting changes now with us where the unconditional contract is signed after 6 April 2020, usually this is the date of exchange.   Generally a return in respect of such a…

In light of the COVID-19 Pandemic, HMRC has updated it’s guidance for employers who offer salary sacrifice arrangements.   Under the terms of a salary sacrifice arrangement, a ‘life event’ is a permitted reason to break the arrangement mid-term.  Previously the list of life events was limited to marriage, divorce, and a partner becoming redundant…

Earlier this week, HMRC reached out to their ‘customers’ to inform them about the information which will be required for the Coronavirus Job Retention Scheme online portal, due to be open from 20th April 2020.   The online portal will allow employers to submit information to HM Revenue & Customs about furloughed workers in order…

With an increasing pressure on the government to provide financial support to UK taxpayers during the COVID-19 pandemic, amongst other proposals, the government announced the option for taxpayers to defer the payment of their second payment on account for 2019/20. Provided the required payment is made before 31 January 2021, no interest charges will be…

Has your income dropped as a result of the COVID-19 crisis?  If it has, and you have children under the age of 16 and don’t ordinarily claim Child Benefit, you should evaluate whether you are now eligible to claim this benefit.   If you expect both you and your partner will each earn less than…