Tag: tax

Tax relief for NHS and care home staff for PPE

NHS and care home staff who have had to buy their own personal protective equipment (PPE) so that they can support the nation during the COVID-19 crisis can claim tax relief, say leading tax and advisory firm Blick Rothenberg.

Paul Haywood-Schiefer, a manager in the firm, said: “At 8pm last night, as with every Thursday, the nation again opened its windows and doors, and clapped its appreciation in support of the fantastic work NHS staff and care workers are doing to help, not just those with COVID-19, but for all the patients in their care.

“Amidst all this goodwill, there have been many stories of shortages of PPE for NHS workers and those in care homes.

“For many, in this situation, who have had to buy their own, and have not been (or only partially) reimbursed by their employer, there is the opportunity to at least claim some tax relief.”

Below, Paul gives some guidance on how NHS and care home staff can make a claim:

“HMRC allows employees (who don’t already complete self-assessment tax returns) to make claims of up to £2,500 on employment related expenses incurred in a tax year, by using a form P87 (if non/partially reimbursed expenses for a tax year exceed this amount, the person will need to register to file a self-assessment tax return and make a claim through that). This includes for uniforms and protective clothing used in the line of duty.

“These claim forms can either be filled in through a person’s government gateway account (which can be set-up if you don’t have one, by following the instructions on the link) or by completing the form on screen, then printing this off and sending it off to HMRC.

Paul Said: “This will allow those who have made such a great sacrifice for the nation, at their own cost, to at least get some of their money back.”

Make a New Year resolution to tick off your tax return and avoid hefty fines, warns local tax specialist

Local small businesses are being urged not to miss the 31st January deadline to complete their online tax returns, or they could face hefty fines. Continue reading Make a New Year resolution to tick off your tax return and avoid hefty fines, warns local tax specialist

Tick tax returns off your Christmas list and avoid snowballing fines, warns local tax specialist

Local small businesses are being urged to complete their online tax returns ahead of the Christmas festivities to avoid snowballing fines. Continue reading Tick tax returns off your Christmas list and avoid snowballing fines, warns local tax specialist

Spring clean your finances, urges local tax specialist

A local tax specialist is urging small businesses to spring clean their finances as they tackle a raft of changes from this April.

Alan Johnston, who runs TaxAssist Accountants in Goldenacre, said: “Although the Government has now decided not to increase National Insurance contributions for self-employed people following a major backlash, other announcements in the Spring Budget added to a long list of changes and new responsibilities for small businesses. We want to ensure that local business owners make the most of all relevant tax breaks and don’t get caught out by the new rules.

“Although some of the changes, such as reduced dividend tax allowance for director-shareholders, will not start until next year, there are significant challenges for local business owners which come into force from April this year.”

Key changes from April 2017 include:

  • Corporation tax is cut to 19%
  • VAT registration threshold rises from £83,000 to £85,000
  • Businesses with very low cost bases who participate in the VAT flat rate scheme will pay a 16.5% fixed rate, they will however continue to charge VAT at 20%
  • The National Living Wage rises to £7.50 an hour
  • The cash basis accounting threshold for small businesses rises from £83,000 to £150,000
  • Many local businesses will reach their staging date for workplace pensions and must automatically enrol eligible staff in a scheme and contribute to their pension pot
  • And although unincorporated businesses with turnover below the new £85,000 VAT registration threshold have been given a further year to comply with quarterly reporting to HMRC, we’re urging local business owners to continue their vital progress on preparing for the new digital tax rules.

TaxAssist Accountants Goldenacre is a local business providing tax and accountancy advice and services purely to small businesses.

Taxman reveals top ten excuses

Ten of the most terrible excuses for missing the 31 January tax return deadline have been revealed today by HM Revenue and Customs (HMRC).

s300_hm-revenue-customsMany of the excuses claim it was someone else’s fault – pets, girlfriends, work colleagues and even the President of the United States are named and blamed for taxpayers’ tardiness!

The excuses were all used in unsuccessful appeals against HMRC penalties for late filing and payment. Here’s the full list:

  • My pet dog ate my tax return…and all the reminders.
  • I was up a mountain in Wales, and couldn’t find a postbox or get an internet signal.
  • I fell in with the wrong crowd.
  • I’ve been travelling the world, trying to escape from a foreign intelligence agency.
  • Barack Obama is in charge of my finances.
  • I’ve been busy looking after a flock of escaped parrots and some fox cubs.
  • A work colleague borrowed my tax return, to photocopy it, and didn’t give it back.
  • I live in a camper van in a supermarket car park.
  • My girlfriend’s pregnant.
  • I was in Australia.
OBAMA: it's all his fault!
OBAMA: it’s all his fault!

HMRC Director General of Personal Tax, Ruth Owen, said:

“People can have a genuine excuse for missing a tax deadline, but owning a pet with a taste for HMRC envelopes isn’t one of them.

“You need to file your 2013/14 tax return online, and pay what you owe, by 31 January. But it’s best to do it now, to allow plenty of time to sort out any issues with your return. That way, you’ll avoid the busy period for our phone lines as the deadline approaches”.

All outstanding 2013/14 tax returns must now be submitted online, as the 31 October paper-filing deadline has passed. To send an online tax return, you must be registered for HMRC Online Services. This involves HMRC sending you an Activation Code in the post, and you need to allow 10 days for it to arrive.

Simple, straightforward advice on Self Assessment can be found at HMRC’s new Facebook page.

Help and advice on filing your return – including how to register for online filing – is also available from the GOV.UK website or the Self Assessment helpline on 0300 200 3310 (open 8am to 8pm, Monday to Friday, and 8am to 4pm on Saturday).

DVLA reveals top ten tax disc excuses

DVLA reveals top ten excuses for not buying a tax disc

A motorist who claimed to have taken so much Viagra he could not leave the house was just one of a number of excuses from people who failed to tax their car last year. 

According to information released by Driver and Vehicle Licensing Agency (DVLA) yesterday (28 July), motorists caught for not having a tax disc last year used a variety of incredible excuses – and the organisation has compiled a Top Ten.

Among the reasons cited for failure to tax a vehicle, how about: ‘My mate said that if the cost of the tax is more than what the car’s worth you haven’t got to pay it!’

One motorist claimed to have fallen out of a tree while fruit picking and broke both arms so they could not fill in the necessary forms, while another motorist even blamed their mobile phone.

Carolyn Williams, DVLA’s Head of Digital Services, said: “The vast majority of people tax their car on time but it amazes me to see the excuses people come up with. It’s easier than ever before for people to tax their car and our digital services are designed to be used any time of day or night to fit in with people’s lifestyles – so there really is no need for silly excuses.”

The 10 silliest excuses: 

  1. My accountant told me I’m due a tax rebate so I didn’t think I needed to pay again this year.
  2. I was on my way to the Post Office to tax the car and called into the betting shop – there was a horse running at Doncaster called ‘Don’t Do It’ so I bet on that with my car tax money instead – it lost.
  3. My mate said that if the cost of the tax is more than what the car is worth you haven’t got to pay it – it’s not, so I didn’t.
  4. I fell out of a tree picking plums and broke both my arms.
  5. I took too much Viagra and couldn’t leave the house.
  6. I’d forgotten the motorbike was in my garage – it was hidden behind the BBQ so it’s not my fault.
  7. I had man flu and couldn’t go to the Post Office.
  8. I’ve been out of the country for four months and I forgot where I parked my car.
  9. My dog ate the reminder.
  10. My reminder on my phone didn’t work so it’s not my fault

The quickest and easiest way to tax a vehicle is to go online or ‘phone 0300 123 4321. It’s a fully automated system and should take no more than 4 minutes. Vehicles must either be taxed or declared off-road – this is done by making a Statutory Off Road Notification (SORN).

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