Many taxpayers have overpaid income tax under the P800 system due to a flaw in HMRC's calculation method.
As part of its annual PAYE reconciliation process at the end of each tax year, HMRC compares the amount of tax deducted from wages and pensions with the amount that was actually due. Any unde...
If you receive income from renting out property you may receive a letter from HMRC asking you to check the figures on your tax returns.
HMRC receives information about landlords from third parties and other sources, including tenancy deposit schemes. It is writing to landlords where this data do...
If you acquire, create or construct capital items for use in a business and you incur VAT on those items, you may need to use the VAT Capital Goods Scheme (CGS) on your VAT returns.
The CGS is a mechanism that adjusts the amount of VAT a business can recover on certain high-value capital assets...
From April 2026 small businesses will benefit from a further increase in small employers' relief.
From 6 April 2026 HMRC will reimburse eligible employers 109% of statutory payments made to employees. The relief is designed to support smaller employers with the cost of payments such as:
• stat...
Employees and business owners could be entitled to an additional £1,000 per year in tax relief for business journeys undertaken in personal vehicles.
If you use your own vehicle for business travel you may be entitled to tax relief to help with the cost of owning and running your vehicle. The mil...