National Insurance credits can help qualifying applicants to fill contribution gaps in their National Insurance record. This can help taxpayers increase their number of qualifying National Insurance years, which may increase the number of benefits they are entitled to, such as the State Pension.This could happen if someone was:employed but had low earningsunemployed and were…
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HMRC reminder for self-employed and landlords
If you have not yet checked whether you need to use Making Tax Digital (MTD) for Income Tax, you should do so urgently. HMRC has issued a timely reminder that for many self-employed and landlords the way to report tax to HMRC will change significantly from 6 April 2026.MTD for Income Tax is a significant…
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Inheriting Additional State Pension
The Additional State Pension is only available to those who reached the state pension age before 6 April 2016 and are receiving the Old State Pension. The Additional State Pension is an extra amount of money paid on top of the basic Old State Pension.The Old State Pension is designed to provide individuals of state…
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Car and travel costs if self employed
If you are self-employed, it is important to understand which car and travel costs can be claimed.You can claim allowable business expenses for car, van, or travel costs, which reduce your taxable profit. Typical allowable costs include:Vehicle insuranceRepairs and servicingFuelParkingHire chargesVehicle tax and licence feesBreakdown coverTrain, bus, tram, air, and taxi faresHotel roomsMeals on overnight…
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