Energy saving materials relief extended from February 2024
[ad_1] The VAT zero rate will be extended to more energy saving materials. The relief will also be available for installations in certain charity buildings. Following the Spring Budget 2023, HMRC launched a call for evidence seeking views on whether the VAT zero rate for the installation of energy saving materials (ESMs) should be extended. The […]
DIY housebuilders scheme digitised – and time limit extended
[ad_1] Individuals building their own home can submit their DIY housebuilders VAT refund claim digitally. The time limit for such a claim has also been extended to six months after completion of the build. The VAT DIY housebuilders scheme gives DIY homebuilders the ability to reclaim the VAT they pay on building materials for any […]
Will income tax be extended to beneficiaries of all pensions?
[ad_1] Policy documents regarding changes to the taxation of pensions were published as part of Legislation Day 2023. This included a suggestion that certain beneficiaries of pensions of members who died under age 75 may become subject to income tax as part of future tax changes. Currently where an individual pension holder dies before age […]
Deadline to fill gaps in NIC records extended
[ad_1] The deadline for eligible individuals retrospectively to fill gaps in their national insurance contributions (NIC) record for the period from April 2006 to April 2016 is being further put back to 5 April 2025. The government’s announcement on 12 June confirms that this extension will also apply to NIC for all years that reach […]
VAT zero rate for energy saving materials extended to NI
[ad_1] Further to the ratification of the Windsor Framework, the zero rate for the installation of energy saving materials announced at Spring Statement 2022 will be extended to Northern Ireland from 1 May 2023. Businesses that provide and install certain energy saving materials (ESMs) in Northern Ireland will be able to apply the zero rate […]
Deadline to top up national insurance extended
[ad_1] Taxpayers will have until 31 July 2023 to make voluntary national insurance (NI) contributions going back to April 2006. The government has announced that contributions made in this window will be at the 2022/23 voluntary NI rates. It is normally possible to make voluntary NI contributions for the past six tax years, to top […]
Bereavement support payment extended to cohabitees with dependent children
[ad_1] Bereavement support payments (BSPs) are being extended to cover cohabitees with dependent children – rather than just spouses. The sum of almost £10,000 will benefit unmarried parents going forward, and will retrospectively apply to many unmarried parents who were bereaved between 2018 and now, following a vote in the House of Commons. However – […]