Tech Savvy Tax Credits Renewals

HMRC are hoping their new and innovative technology will help people renew their tax credits by 31 July. Customers with Amazon Alexa-enabled devices can ask to ‘open HMRC’ to obtain help and information, without worry of any personal information being stored. The service is developed specifically for those seeking help with tax credit renewals. It … Continue reading Tech Savvy Tax Credits Renewals

Research & Development Tax Credits: What could it be worth to your business?

  Many companies are apparently still not aware of Research & Development (R&D) Tax Credits or what it could be worth to their Business. Yet for companies who use them, R & D tax credits usually become an important part of their overall financial position. So what is R & D expenditure? It relates to … Continue reading Research & Development Tax Credits: What could it be worth to your business?

Record Number Renew Tax Credits Online

A record high number of people renewed their tax credits online, HM Revenue and Customs revealed. More than 750,000 people renewed online in what was almost double the previous year. In depth analysis also showed that half used mobile phones and tablet, while half used a laptop or desktop computer. The busiest day for renewals … Continue reading Record Number Renew Tax Credits Online

Scam Emails On The Rise On Run-in To Tax Credit Deadline

HMRC are asking tax credit claimants to be wary of scam emails, fake websites and text messages in the run up to the 31 July renewals deadline. Recently published statistics show that, between April and July last year, 51,000 phishing emails were reported to them which was double the amount for the same period in … Continue reading Scam Emails On The Rise On Run-in To Tax Credit Deadline

Summer Budget 2015

Our review of the Summer Budget 2015 is now available: Green & Co - Summer Budget 2015 There were several big changes announced in this weeks Chancellor's Budget, including changes to Corporation Tax, Inheritance Tax, Dividend Tax Credits and Landlords Tax Relief among many others. We have compiled everything you need to know about the … Continue reading Summer Budget 2015

Tax Credit Changes For New Claimants

HM Revenue & Customs have announced changes to working tax credits for new claimants who are self-employed, with effect from 6 April 2015. If you are self-employed and claiming tax credits for the first time, you will now have to meet a qualifying remunerative work test.  The test will need to show that you are … Continue reading Tax Credit Changes For New Claimants

Do You Want To Maximise Your Claim For Childcare Costs?

If you are currently paying childcare costs or will do in the near future, are you aware that the scheme for claiming tax relief is changing in the Autumn of 2015? Currently you may be claiming relief through the childcare voucher scheme. The childcare voucher scheme enables the parent to claim £55 per week of … Continue reading Do You Want To Maximise Your Claim For Childcare Costs?

Tax Advantages For Innovative Companies

New and innovative products which will change how we conduct our lives are being thought up, it can seem, every day. It is products like these which keep the majority of businesses profitable, which is extremely important for maintaining an already fragile economy in the UK. HM Revenue & Customs tries to incentivise companies to … Continue reading Tax Advantages For Innovative Companies

How will the change from tax credits to universal credits affect you?

The current working tax credit and child tax credit system is to be incorporation into the new universal credit between now and 2017. The differences between the two systems need to be understood: There will be no working hours requirement as in tax credits. Entitlement will be based on net monthly income - currently income … Continue reading How will the change from tax credits to universal credits affect you?

Tax Credits

It's that time of year again. Anyone in the Tax Credits system will shortly be receiving their renewal pack. The renewal form has to be completed and returned to the Tax Credits Office by 31 July. Failure to comply will result in the claimant being immediately withdrawn from the system and future credits will be … Continue reading Tax Credits