New guidance on applying for help with paying IHT
[ad_1] HMRC has published guidance on applying for a grant on credit and on recent updates to tax rules and processes relevant to trusts and estates. It is possible to apply to HMRC for a grant on credit where a person is unable to raise the funds to pay inheritance tax (IHT) before probate. If […]
Improved process for paying voluntary NIC for periods abroad
[ad_1] A person living or working abroad can apply digitally to pay voluntary NIC to fill gaps in their record. A person who has lived or worked abroad may not have enough years of national insurance contributions (NIC) to qualify for the state pension or other benefits. They can fill gaps in their record by […]
Should you be paying national insurance while working abroad?
[ad_1] HMRC has launched a new tool for people to check whether they should be paying national insurance contributions (NIC) while they are working abroad. Typically, individuals relocating abroad permanently will stop paying NIC in the UK and pay social security (or the domestic equivalent) in their new country of residence. There is the option […]