Q: I see that one of the Inheritance Tax (IHT) forms has been amended – the C4 for correcting information previously submitted. I’m getting a bit confused with the forms I have here and wonder if you could point to… Read more

Q1. We have a new employee who did not present a P45 and did not complete the Starter Checklist. Which FPS starter declaration and tax code should we use? A: HMRC’s guidance in the PAYE Manual says that the starter declaration must be… Read more

Q1. I quit my job in July 2022 and became self-employed from September 2022. I started to pay class 2 NIC for my self-employed trade with effect from 1 September. Will the 2022/23 count as a qualifying year towards my… Read more

Q1. I have just received a bonus payment of £100 from the Nationwide Building Society. Do I need to pay tax on this? A: This bonus payment from the Nationwide is treated as normal bank interest for tax purposes, so it… Read more

Q1. The payroll for my business has increased during 2022/23, so the employer’s NIC bill topped £100,000 for the first time. Does this mean I can’t claim the Employer’s Allowance for 2023/24? Is there anything I can net off against… Read more