New HMRC guidance on winter fuel payments
HMRC has released new guidance on the recovery of winter fuel payments. What do you need to know?
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HMRC clarifies treatment of averaging relief under MTD IT
HMRC has updated its guidance to explain how averaging relief claims will operate under Making Tax Digital for Income Tax (MTD IT). The clarification addresses concerns about how farmers and creators will claim relief once quarterly reporting becomes mandatory. What has changed?
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Double up on the employment allowance
You’re the sole shareholder of a limited company which employs several members of staff. You’re working on plans to start another business with an ex-colleague. Can both businesses benefit from the full employment allowance (EA)?
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VAT cut for children's holiday activities over summer
The government has announced a temporary reduction in the rate of VAT applying to certain children's holiday activity programmes during the summer holidays. The measure is intended to help families with childcare costs during the school break. What has changed?
The winter fuel payment is paid to state pensioners automatically but is clawed back if your personal income is more than £35,000 gross per annum. The benefit is paid back through self-assessment if you're already completing tax returns, otherwise it will be collected through your PAYE code for 2026/27.
New HMRC guidance confirms that you cannot pay the benefit back sooner, or by any other method. It also includes an online calculator to help you work out whether your income for the tax year exceeds the £35,000 threshold.
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