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Working Tax Credit customers

Working tax credits

HMRC urges Working Tax Credit customers to check if they need to update their working hours if they have been reduced due to Coronavirus. During the pandemic, working tax credit customers did not need to inform HMRC about temporary reductions to their working hours. For example they had been furloughed. If a Working Tax Credit … Read more

Extended loss carry back

Extended Loss carry back rules explained

Extended loss carry back rules explained. As part of a range of support measures to support businesses post-covid the extended loss carry back rules provided a temporary tax break for businesses. Finance Act 2021 detailed new rules around taxation for companies providing for a temporary extension to the loss carry back legislation for trading losses … Read more