| 27-01-2021
Within hours of the Prime Minister announcing a new national lockdown in England, HM Revenue & Customs (HMRC) has issued new warnings after it received reports that fraudsters were attempting to dupe taxpayers by pretending to be the tax authority.
| 27-01-2021
According to reports in the Financial Times, the Government is considering launching a new loan scheme, where businesses could borrow anything up to Ā£10 million through an 80 per cent state-guaranteed bank loan.
| 27-01-2021
An independent commission established last spring by the London School of Economics, the University of Warwick and the Economic and Social Research Council to analyse proposals for a wealth tax has rejected an annual tax but has advocated a one-off charge.
| 27-01-2021
HM Revenue & Customs (HMRC) has increased the threshold for Self-Assessment taxpayers to use its online self-service Time to Pay payment plan service from Ā£10,000 in tax liabilities to Ā£30,000.
| 18-01-2021
More than 370,000 small businesses in England and Wales could be due a payout on their business interruption insurance after the Supreme Court ruled in favour of payments being made on previously refused claims and policies.
| 06-01-2021
One of the key factors that determine the tax on a businessās right to occupy commercial property in England has been frozen for 2021/22, the Chancellor has confirmed.
| 06-01-2021
Employers of low-paid workers in the UK will have to absorb another rise to the national living wage and pay it to over-23s from April 2021, the Chancellor has confirmed. Rishi Sunak confirmed the increase in his Spending Review 2020, in which it was announced the national living wage will
| 06-01-2021
HMRC is reminding taxpayers that the deadline to submit 2019/20 personal tax returns through self-assessment is on or before midnight on 31 January 2021. Last year, a record-breaking 11.1m taxpayers complied with filing their personal tax return for 2018/19 on time, while around 8% missed the deadline altogether. More than
| 06-01-2021
A temporary increase to the annual investment allowance has been extended until 1 January 2022, the Treasury confirmed. The allowance enables firms to fully offset the cost of qualifying capital items of plant and machinery against taxable profits. Since 1 January 2019, businesses have received faster tax relief for plant
| 06-01-2021
Reaching international markets in 2021 and beyond. The UK has left the EU, and for British exporters, that presents both opportunity and uncertainty. Thereās potential for businesses to branch out to new markets outside of the EU, but that comes with a new set of rules and procedures to navigate
| 06-01-2021
The effects on supply chains from 1 March 2021. Those working in the UKās construction industry will have to handle and pay VAT differently from 1 March 2021, unless thereās another last-minute Government U-turn.
| 14-12-2020
A pair of studies have revealed that UK grandparents are reconsidering their plans following the Coronavirus pandemic, which may mean that many families are set to inherit more than they expected to.
| 14-12-2020
HM Revenue & Customs (HMRC) has confirmed that virtual Christmas parties will be eligible for the Ā£150 annual function exemption that employers often put towards in-person festivities at this time of year.
| 14-12-2020
HM Revenue & Customs (HMRC) has issued a reminder of recent changes to Capital Gains Tax (CGT) to taxpayers and the impending deadline for reporting profits from sales of residential property in the 2019-20 tax year.
| 14-12-2020
A new consultation has been published by HM Revenue & Customs (HMRC) which explores how the core principles of Making Tax Digital (MTD) can be applied to Corporation Tax (CT).