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Personal Tax
Recent tax changes UK property investors need to know
14th Jul 2021 | Posted by:A number of changes to tax rules have added to compliance requirements for property owners and increased tax bills.
Read MoreNational Minimum Wage rate reminder for summer staff
13th Jul 2021 | Posted by:Students and seasonal staff are being reminded by HM Revenue and Customs (HMRC) to check that they are being paid the National Minimum Wage (NMW).
Read MoreCBI warns of ‘perfect storm’ of staff shortages
30th Jun 2021 | Posted by:UK businesses face a 'perfect storm' of factors causing staff shortages, the Confederation of British Industry (CBI) has warned
Read MoreHMRC help towards cost of children’s summer holiday activities
15th Jun 2021 | Posted by:HM Revenue and Customs (HMRC) is reminding working families that they can use Tax-Free Childcare to help pay for their childcare costs over the summer.
Read MoreG7 announces global tax agreement
10th Jun 2021 | Posted by:The G7's finance ministers have announced a historic international agreement on global tax reform.
Read MoreOTS considers moving tax year end
9th Jun 2021 | Posted by:The Office of Tax Simplification (OTS) is set to explore the benefits, costs and wider implications of changing the date of the end of the tax year for individuals.
Read MoreFurlough numbers fall to their lowest level this year
3rd Jun 2021 | Posted by:Furlough numbers have fallen to their lowest level this year, according to official statistics published by HMRC
Read MoreHMRC advisory fuel rates for company car users from 1 June (2)
27th May 2021 | Posted by:HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2021, increasing mileage rates by 1p for all petrol vehicles
Read MoreHMRC clarifies VAT position on electric vehicle recharging
26th May 2021 | Posted by:HMRC has confirmed that VAT is chargeable at the standard rate for electric vehicles when using charging points situated in public places
Read MoreFinance Bill outlines amendments to super-deduction
25th May 2021 | Posted by:The government has tabled amendments to the capital allowances super-deduction in Finance Bill 2021.
Read MoreHMRC urge businesses to carry out due diligence into their labour supply chain
18th May 2021 | Posted by:HMRC is warning organisations about the use of mini umbrella companies in the labour supply chain and the need to carry out due diligence to protect the organisation from financial and reputational damage.
Read MoreGovernment confirms start date for Plastic Packaging Tax
17th May 2021 | Posted by:The UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022.
Read MoreMaking Tax Digital (MTD) for VAT – end of “soft landing”
13th May 2021 | Posted by:MTD for VAT currently applies to VAT registered businesses with taxable turnover in excess of £85,000, the current VAT registration threshold. From 1 April 2022, MTD for VAT is being extended to all VAT registered businesses.
Read More91,000 fraud accusations to HMRC in first few months of pandemic
11th May 2021 | Posted by:HMRC’s fraud hotline received more than 91,000 calls during the first nine months of the Covid-19 pandemic, with concerns that furlough fraud is likely to be behind many of the calls
Read MoreNext step of roadmap out of lockdown to take effect from 17 May
10th May 2021 | Posted by:From 17 May, indoor hospitality businesses are permitted to re-open and households will be allowed to mix as the next step of the government's roadmap out of the latest coronavirus (COVID-19) lockdown takes effect.
Read MoreFive reasons to set up a Personal Tax Account
10th May 2021 | Posted by:The Association of Taxation Technicians (ATT) is encouraging taxpayers to set up a Personal Tax Account (PTA) to monitor their tax affairs
Read MoreTreasury launches problem debt Breathing Space scheme
4th May 2021 | Posted by:Hundreds of thousands of people struggling with debt problems will be supported through a new debt respite scheme, Breathing Space, launched by government, which gives a 60-day respite period
Read MoreHMRC sets out penalty regime for SEISS abuse
30th Apr 2021 | Posted by:As the fourth self employment income support scheme (SEISS) ramps up for applications, HMRC has confirmed the penalty regime with harsh fines for abuse of the financial support
Read MoreHMRC starts sending out tax credits renewal packs
29th Apr 2021 | Posted by:HMRC is sending out about 2.5 million annual renewal packs to claimants of tax credits over the next six weeks
Read MoreCapital gains tax on residential property – the 30-day rule
22nd Apr 2021 | Posted by:For UK residential properties sold on or after 6 April 2020, CGT needs to be reported to HMRC and paid within 30 days of completion of a sale. Failure to do so may lead to penalties and interest charges.
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