At a time when household finances are subject to immense pressure due to the intensifying cost-of-living crisis, HMRC has launched an online resource providing an easy reference hub for taxpayers.
To ensure people are not missing out on reliefs for which they are potentially eligible, the tool hosts information on the tax reliefs and financial support available, as well as providing valuable online guidance and tools to help people check their eligibility for each relief.
Areas highlighted by HMRC include:
In addition, if you’re concerned about paying your tax bill, HMRC are offering assistance, including the ability to pay in instalments to make it more affordable.
Director General for Customer Services at HMRC, Myrtle Lloyd commented on the new initiative, “We understand these are very difficult times for many so it’s vitally important we continue to highlight the range of support available. We’d encourage those who think they may be eligible for support to take a look and claim what they’re entitled to – it could make an important difference to household budgets at a time when it’s needed the most.”
For more information on the HMRC guidance visit www.gov.uk/guidance/check-what-financial-help-you-can-get-from-hmrc
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Information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from taxation, are subject to change. The Financial Conduct Authority does not regulate tax planning.