Weekly News:
- Child Benefit Payment Delays
- Cost of Living Support
- HMRC Reminds Landlords of Tax Changes
- Reform UK Proposes “Employer Immigration Tax”
Child Benefit Payment Delays
This week, due to HMRC technical issues, nearly half a million people were unable to receive their Child Benefit payments.
HMRC has advised affected customers not to contact them and will provide updates online.
The relevant department has stated that the specific time of payment remains uncertain.
Currently, it is advised that users wait patiently and check their account balances frequently.
Cost of Living Support
This summer, several family support funds are being expanded, amounting to over £2,000.
Families in certain areas can receive up to £500 for daily expenses.
Leeds will provide £100, Stockport has £315 available, South Ribble offers £350, and Lancashire will provide £250.
East Riding £200, Shropshire £400, and Waverley has £550 available.
HMRC Reminds Landlords of Tax Changes
If you rent out your property on Airbnb or other rental platforms, please note the changes in UK tax policies.
The UK will abolish tax relief for furnished holiday lettings.
This means that affected landlords will need to pay more income tax and consider the cost implications.
HMRC urges all landlords to closely monitor rental property tax policies and ensure tax compliance.
Reform UK Proposes “Employer Immigration Tax”
Recently, the UK Reform Party proposed the introduction of an “Employer Immigration Tax” to encourage UK businesses to reduce their reliance on “cheap labour”.
The plan requires most employers to pay an additional 20% National Insurance when hiring overseas labour.
Healthcare workers, caregivers, and employers with fewer than five employees will be exempt.
The proposal has sparked significant public debate, although it has not yet been adopted or scheduled for consideration.
