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Year: 2020

Myths and Student Loans

Student Loans are part of the government’s financial support package for students in higher education in the UK. They are available to help students meet their expenses while they are studying. The

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Green Homes Grant Scheme

One of the measures announced by the Chancellor, Rishi Sunak in his Summer Economic update on 8 July 2020 was the launch of the new £2 billion Green Homes Grant scheme.

From September 2020, home

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Using your own vehicle for work?

If you are an employee and use your own money to buy things you need for your job, then you can sometimes claim tax relief for the associated costs. It is usually only possible to claim tax relief for

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Greening of Scotch Whisky

Needless to say, the greening does not refer to the colour of whisky.

The Green agenda has received endorsement from Scotland’s world famous distilleries who are aiming to cut their emissions by

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Job Retention Bonus

Further to the Chancellor’s summer statement on 8th July 2020, there has now been further guidance published by HMRC regarding the bonus scheme. Overview The

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Want to start your own business?

One of the consequences of recession, such as the present downturn in activity caused by the Coronavirus outbreak, is the likelihood that many will face redundancy as employers try to manage the

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HMRC credit card fees

New credit card fees for paying HMRC are to be introduced from 1 November 2020. These changes will mean that HMRC will be able to charge anyone using a business debit card a fee for making certain

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Why make voluntary NIC contributions

In many circumstances it can be beneficial for taxpayers to make voluntary Class 2 National Insurance Contributions (NICs) to increase their entitlement to benefits, including the State or New State

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Reminder of who can claim SEISS

The Self-Employment Income Support Scheme (SEISS) was extended for a second and final three-month period from 1 June to 31 August 2020. The maximum grant available for the three-months is £6,570

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Calculating Adjusted Net Income

Calculating the adjusted net income amount is necessary if any of the following apply:

A taxpayer is liable to an income-related reduction to the personal allowance when their adjusted net income

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