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Personal Tax
Government 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.
Read MoreHMRC needs to ramp up checks on furlough fraud
21st Apr 2021 | Posted by:The Treasury Committee has conducted a hearing with the National Audit Office about the reasons for fraud related to bounceback loans and the furlough scheme
Read MoreRecent changes to IR35 ‘undermine the self-employed’, says IPSE
20th Apr 2021 | Posted by:The Association of Independent Professionals and the Self-Employed (IPSE) has stated that the recent changes to the rules relating to off-payroll workers, commonly known as IR35, 'undermine the self-employed at the worst possible time'.
Read MoreGovernment support for 95% mortgage scheme launches
19th Apr 2021 | Posted by:A new government-backed mortgage scheme will help first time buyers or current homeowners secure a mortgage with just a 5% deposit
Read MoreFSB urges government to provide greater support for UK exports
15th Apr 2021 | Posted by:The Federation of Small Businesses (FSB) has urged the government to act in order to support small businesses exporting to the EU.
Read MoreHMRC contacting claimants for fourth self-employed grant
14th Apr 2021 | Posted by:HMRC has confirmed it will be contacting potential claimants for the fourth Self-employment Income Support Scheme (SEISS) grant this month.
Read MoreIMF upgrades UK economic forecasts for 2021 and 2022
12th Apr 2021 | Posted by:The International Monetary Fund (IMF) has upgraded its UK economic forecasts for 2021 and 2022.
Read MoreEmployed workers can claim working from home allowance for new tax year
9th Apr 2021 | Posted by:Employed workers who were forced to work from home because of the pandemic can now claim the government’s working from home allowance for the 2021/22 tax year
Read MoreStart of new tax year ushers in raft of fiscal changes
6th Apr 2021 | Posted by:The 6 April start of the new tax year sees important fiscal and business changes come into effect, including the introduction of the new coronavirus (COVID-19) Recovery Loan Scheme (RLS).
Read MoreIs the end in sight?
1st Apr 2021 | Posted by:The UK regional roadmaps for lifting lockdown are all moving along, and the relaxation of rules started last week with more freedom of movement and possibly all restrictions being lifted by the end of June.
Read MoreOver £46 billion borrowed through Bounce Back loans
31st Mar 2021 | Posted by:More than 1.5 million Bounce Back loans have been taken out since the coronavirus (COVID-19) support scheme was launched last May
Read MoreICAEW warns SMEs have ‘limited window’ to apply for Brexit grant
31st Mar 2021 | Posted by:The ICAEW has warned eligible small and medium-sized enterprises (SMEs) that they have a limited window to apply for a grant under the Brexit Support Fund.
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