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Personal Tax

Self assessment ‘time to pay’ threshold raised to £30,000

HMRC has made it easier for self assessment taxpayers to pay the tax they owe incrementally on a monthly basis, by extending the threshold for ‘time to pay’ applications

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Covid-19: insolvency measures extended

The government is to extend a raft of changes to insolvency measures which were due to end on 30 September, in order to give businesses more breathing space

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Criminals exploiting coronavirus pandemic, trade association warns

UK Finance is warning that criminals have been exploiting and adapting to the coronavirus (COVID-19) pandemic, with a growth in fraud and scams that target people online.

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Business groups welcome extended coronavirus support

Business groups have broadly welcomed the extended business support measures announced in the Chancellor's Winter Economy Plan.

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Chancellor outlines Winter Economy Plan

Here are the headlines from the Chancellors statement in Parliament today where a series of measures to help jobs and businesses were announced.

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FCA confirms support for mortgage borrowers

The Financial Conduct Authority (FCA) has confirmed future support for mortgage borrowers if they continue to face payment difficulties due to the coronavirus (COVID-19).

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Grants for businesses affected by local lockdowns

The Treasury has said businesses affected by local lockdowns will be eligible for grants to cover some of their loss of earnings

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Up to £3.5 billion in furlough payments fraudulent, HMRC finds

HMRC has revealed that almost £3.5 billion in Coronavirus Job Retention Scheme (CJRS) payments have been claimed fraudulently or paid out in error.

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FSB urges government to provide Brexit transition vouchers

The Federation of Small Businesses (FSB) has urged the government to provide small businesses with Brexit transition vouchers

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Private pension withdrawal age to be raised

The Treasury has confirmed that the minimum private pension age will increase from 55 to 57 in 2028

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Kickstart Scheme opens for applications

The government's £2 billion Kickstart Scheme is now open for employer applications

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Overseas property income declarations rise 17%

There has been a steep increase in the amount of rental income from overseas property declared by UK taxpayers

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Football commentator seeks to boot out pension scammers

The Pensions Regulator (TPR) have launched a new advertising campaign, fronted by football commentator Clive Tyldesley, designed to show scammers the red card

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Treasury outlines plans for carbon emissions tax

The Treasury has published plans for a carbon emissions tax, which could be introduced if the UK fails to secure a Brexit deal with the EU.

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Small businesses call on government to extend Eat Out to Help Out scheme

Small firms have urged the government to extend its Eat Out to Help Out scheme in order to continue helping thousands of small food and drink businesses across the UK.

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HMRC clarifies loan charge settlement arrangements

HMRC has published further details on how it will implement the loan charge in relation to the use of disguised remuneration tax avoidance schemes

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Second round of grants for the self-employed opens

The Self-Employment Income Support Scheme (SEISS) has opened for applications for the second and final grant.

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ICAEW warns taxpayers have 90 days to notify HMRC of overclaimed COVID-19 grants

The ICAEW has warned taxpayers that they have 90 days to notify HMRC of overclaimed coronavirus (COVID-19) grants.

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UK economy falls into recession for first time in 11 years

Lockdown measures introduced as a result of the coronavirus (COVID-19) pandemic have pushed the UK economy into recession

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HMRC publishes guidance on claiming Job Retention Bonus

From February 2021, employers will be able to claim the Job Retention Bonus through the gov.uk website.

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