New HMRC guidance on winter fuel payments
HMRC has released new guidance on the recovery of winter fuel payments. What do you need to know?
The winter fuel payment is paid to state pensioners automatically but is clawed back if your personal income is more than £35,000 gross per annum. The benefit is paid back through self-assessment if you're already completing tax returns, otherwise it will be collected through your PAYE code for 2026/27.
New HMRC guidance confirms that you cannot pay the benefit back sooner, or by any other method. It also includes an online calculator to help you work out whether your income for the tax year exceeds the £35,000 threshold.
Related Topics
-
Could a special method increase your profits?
Your business has used the same partial exemption method for many years. Is it time to consider if a different method will improve your input tax recovery?
-
EVs and the tax-free mileage allowance
You’re a director and regularly use your electric vehicle (EV) for business journeys. Your company provides a workplace charger which is free for all staff to use. Does the origin of the electricity impact your claim for tax-free mileage?
-
HMRC loses employment status case involving football referees
HMRC has lost another employment status case, this time involving football referees engaged by Professional Game Match Officials Ltd (PGMOL). The tribunal rejected HMRC’s argument that the referees should be treated as employees for tax purposes. Why does the decision matter?