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Personal Tax
Statutory sick pay notifications temporarily changed
20th Dec 2021 | Posted by:The reporting requirements for statutory sick pay (SSP) have been changed temporarily due to the latest covid situation
Read MoreElectric vehicle grants cut to £1.5k for lower priced cars only
20th Dec 2021 | Posted by:The government has changed the grant scheme for zero-emission vehicles to remove more expensive models from the list, and pushing lower price electric cars as grant is cut by 40%
Read MoreBank of England raises base rate to 0.25%
17th Dec 2021 | Posted by:The Bank of England has raised the bank base rate for the first time in three years to 0.25%, despite concerns over omicron variant
Read MoreDon’t forget to declare COVID-19 grants on your tax return
15th Dec 2021 | Posted by:HM Revenue and Customs (HMRC) is reminding Self Assessment customers to declare any COVID-19 grant payments on their 2020/21 tax return.
Read MoreHigh Court rules Uber drivers must charge VAT
10th Dec 2021 | Posted by:Uber’s business model has been declared unlawful in London following a ruling in the High Court over whether VAT should be charged on fares
Read MoreSelf Assessment customers use monthly payment plans to pay £46 million in tax
9th Dec 2021 | Posted by:More than 20,000 Self Assessment customers have used HM Revenue and Customs (HMRC) online monthly payment plan service since April to spread the cost of their tax bill
Read MoreTax-dodging drivers expected to cost Treasury £119m
7th Dec 2021 | Posted by:The latest Department for Transport (DfT) figures show that 1.9% of vehicles in the UK are unlicensed and being used which amounts to £119m in potential lost car tax
Read MoreHMRC extends Post Office card accounts switch deadline
3rd Dec 2021 | Posted by:HMRC is giving taxpayers, who are yet to switch their Post Office accounts, a one-off extension until 5 April 2022 to set up alternative payment methods
Read MoreChristmas is the time for giving
1st Dec 2021 | Posted by:Many were expecting the chancellor to announce changes to inheritance tax (IHT) in his Autumn Budget, However, like capital gains tax (CGT), the rules have remained broadly the same as last year.
Read MoreThree-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
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