News

HMRC agree delay in tax return deadline

10/01/2022

HMRC has announced that late filing penalties will be waived for taxpayers that file their 2020-21

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Delay in implementing late payment penalties

10/01/2022

In tandem with the announcement that no late filing penalties will be issued for 2020-21

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Are you registered for Making Tax Digital for VAT?

10/01/2022

Making Tax Digital (MTD) for VAT is to be extended to cover businesses with a turnover below the VAT

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HMRC fraud squad net £1bn from criminals

10/01/2022

HMRC’s Fraud Investigation Service (FIS) was launched in April 2016. The FIS is responsible for

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Omicron funding delivered to local authorities

10/01/2022

Just before the Christmas break, the Chancellor announced a new support package for some businesses

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Customs controls from 1 January 2022

10/01/2022

There are special procedures for importing goods into the UK. Following the end of the Brexit

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Beware online sales scams

3/01/2022

A new government press release has been issued reminding the public that online sales scams continue

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Self-certified sick notes

3/01/2022

The statutory sick pay rules were temporarily amended on 17 December 2021. The amendment allows

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Will you need to pay-back Child Benefits?

3/01/2022

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax year

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New powers for Insolvency Service

3/01/2022

The Insolvency Service is a government agency that provides services to those affected by financial

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Points to consider when valuing goodwill

3/01/2022

Valuing goodwill is a complex process and there are many different methods which can be used and

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Reminder of Statutory Sick Pay pay-back scheme

3/01/2022

The Coronavirus Statutory Sick Pay Rebate Scheme for small and medium-sized businesses and

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Plug-in grants for electric vehicles

20/12/2021

The government has announced significant changes to the low-emission vehicles plug-in grant scheme.

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Pay your tax bill by instalments

20/12/2021

Businesses and self-employed people in financial distress, and with outstanding tax liabilities, may

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BOE advises government on inflation hike to 5.1%

20/12/2021

The current Governor of the Bank of England, Andrew Bailey, has written to the Chancellor of the

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A reminder – HMRC’s badges of trade

20/12/2021

The 'badges of trade' tests whilst not conclusive are used by HMRC to help determine whether an

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Further changes to customs issues from 1 July 2022

20/12/2021

There are special procedures for importing goods into the UK. Following the end of the Brexit

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New £1bn support package announced

20/12/2021

The Chancellor, Rishi Sunak announced a new £1bn support package for businesses most impacted by the

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Tax Diary January/February 2022

15/12/2021

1 January 2022 - Due date for Corporation Tax due for the year ended 31 March 2021. 19 January 2022

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Changes to customs declarations 1 January 2022

13/12/2021

There are special procedures for importing goods into the UK. Following the end of the Brexit

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Postponed VAT accounting

13/12/2021

Since 1 January 2021, businesses registered for VAT have been able to account for import VAT on

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Rent-a-room relief

13/12/2021

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in

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The judgement in HMRC v Tooth

13/12/2021

A recent Supreme Court decision examined in some detail HMRC’s powers in relation to issuing a

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Gifts to spouse or charity

13/12/2021

In most cases, there is no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse

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