Is IPT a tax I can claim?
Tax NewsIPT is an abbreviation for Insurance Premium Tax and is charged by insurers in addition to your insurance policy. The rate charged can be 12% or 20% depending on the type of insurance you are buying.
IPT is an abbreviation for Insurance Premium Tax and is charged by insurers in addition to your insurance policy. The rate charged can be 12% or 20% depending on the type of insurance you are buying.
HMRC announced on Friday that it will not charge the 5 per cent late payment penalty on self assessment tax which is not paid by 3rd March.
If you are an employee working from home on a regular basis you may be eligible to receive or claim for a tax free payment to cover your home working costs. If you have had to work at home due to
Self Assessment tax returns were due to be filed by 31 January 2021 but with less than a week to go to the deadline HMRC decided to extend the deadline for submission to 28 February 2021 without penalty.
As an employee you will be taxed on your earnings by your employer but you may also receive income from other sources. There are lots of opportunities these days to sell items online or at car boot sales whether that is from turning out unwante…
