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Personal Tax
Three-day wait for Statutory Sick Pay to return next year
26th Nov 2021 | Posted by:The standard three-day waiting time for Statutory Sick Pay (SSP) will be reinstated for coronavirus (COVID-19)-related claims from 25 March 2022, unless the government intervenes.
Read MoreHMRC advisory fuel rates for company car users from 1 December (1)
24th Nov 2021 | Posted by:HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 December 2021
Read MoreHMRC warns customers about Self Assessment tricksters
19th Nov 2021 | Posted by:As HM Revenue and Customs (HMRC) prepares to issue emails and SMS to Self Assessment customers, the department is reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year.
Read MoreInflation, tax rises – and the family budget
17th Nov 2021 | Posted by:Apart from the human cost, covid has cost us all a great deal. In the first year of the pandemic, from April 2020 to 2021, the government borrowed £299bn, the highest figure since records began in 1946. Another £200bn will be needed this year, and as taxpayers, we will be paying for it all.
Read MoreHMRC Issue Detailed Guidance on the Super-Deduction for New Equipment.
15th Nov 2021 | Posted by:Finance Act 2021 legislated for the temporary 130% super-deduction for companies acquiring new plant and machinery announced in the Spring 2021 Budget
Read MoreNew law introduced to help protect pension savers from scammers
10th Nov 2021 | Posted by:New rules to help protect pension savers from scammers have become law.
Read MoreBasis reform rules amended to help businesses
5th Nov 2021 | Posted by:HMRC has released its response to feedback on proposals to reform the basis period accounting rules, making some amendments to the rules as a result
Read MoreHousehold finances not set to return to pre-COVID levels until 2023
4th Nov 2021 | Posted by:The Office for Budget Responsibility (OBR) has warned that household finances are not set to return to their pre-COVID levels until 2023.
Read MorePayment period on residential CGT is doubled
2nd Nov 2021 | Posted by:The government has doubled the payment period for capital gains tax (CGT) on residential property from 30 days to 60 days.
Read MoreHMRC opened 3,600 inheritance tax probes last year
26th Oct 2021 | Posted by:HMRC launched 3,574 investigations into inheritance tax (IHT) in the financial year 2020-21 which gave the tax authority an additional £254m in tax revenue
Read MoreNational living wage to rise to £9.50
25th Oct 2021 | Posted by:The national living wage will rise 59 pence from £8.91 to £9.50 from 1 April 2022
Read MoreTreasury will have to replace lost road tax revenues
22nd Oct 2021 | Posted by:The Treasury warns that taxes will need to be raised in order to cover the £37bn that will be lost from the reduced fuel duty and vehicle excise duty (VED) in the government’s net zero strategy
Read More£100 spending limit for contactless cards goes live
15th Oct 2021 | Posted by:The national rollout of the new £100 spending limit for contactless card payments begins from 15 October 2021, although it will take time for retailers to update their terminals
Read MoreTaxi drivers and scrap metal businesses face tax checks to renew licence
15th Oct 2021 | Posted by:Changes to the licensing rules for taxi drivers will add a requirement to check their tax compliance before issuing new licenses in a bid to tackle tax evasion from 2022
Read More31 October deadline for paper self assessment tax returns
12th Oct 2021 | Posted by:HMRC is reminding taxpayers to check that they have the correct information in order to complete their paper self assessment tax returns by the month end deadline
Read MoreTime is running out for tax credits and Child Benefit customers with Post Office card accounts
11th Oct 2021 | Posted by:From 1 December 2021, HM Revenue and Customs (HMRC) will stop making payments of Child Benefit, Guardian’s Allowance and tax credits, into Post Office card accounts.
Read MoreBusiness groups warn that fragile economy is on shaky ground
8th Oct 2021 | Posted by:Business groups have warned Prime Minster Boris Johnson that the UK economy is fragile and the recovery from the coronavirus (COVID-19) pandemic remains on shaky ground.
Read MoreFSB warns tax rises ‘threaten recovery from pandemic’
6th Oct 2021 | Posted by:The Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK's ongoing recovery from the coronavirus (COVID-19) pandemic.
Read MoreTreasury invests £500m in Plan for Jobs expansion
5th Oct 2021 | Posted by:The Treasury announced yesterday that it was to support hundreds of thousands of people as part of a £500m expansion to the government’s Plan for Jobs scheme
Read MoreNew emergency fraud hotline launched
1st Oct 2021 | Posted by:A new emergency fraud hotline has been launched for individuals to report financial scams as they take place.
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