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Claim relief for shares of negligible value

Claim relief for shares of negligible value If you have some shares that have become worthless, you can make a negligible value claim. This will allow you to set the associated loss against any chargeable gains that you make in the same, or a later, tax year,...

Claim tax relief for expenses of working from home

Claim tax relief for expenses of working from home If you are an employee and you are, or have been, working from home as a result of the COVID-19 pandemic, you may be able to claim tax relief for the additional household costs that you have incurred as a result. HMRC...

Amending a PSA for COVID-19 benefits

Amending a PSA for COVID-19 benefits You can use a PAYE Settlement Agreement (PSA) if you wish to settle the tax liability arising on the provision of a benefit-in-kind or an expense on an employee’s behalf. This can be useful if you wish to preserve the...

Reporting expenses and benefits for 2020/21

Reporting expenses and benefits for 2020/21 If you are an employer and you provided taxable expenses and benefits to your employees during the 2020/21 tax year, you will need to report these to HMRC on form P11D, unless all benefits were payrolled or included within a...

Higher residential SDLT threshold extended

Higher residential SDLT threshold extended Stamp duty land tax (SDLT) is payable when you buy a property in England or Northern Ireland. Last year, the SDLT residential threshold was temporarily increased to £500,000 with effect from 8 July 2020. The threshold...