News

MTD for VAT filing deadline missed by one in ten businesses
HM Revenue & Customs (HMRC) has reassured the 120,000 businesses that failed to meet the 7 August deadline for Making Tax Digital (MTD) for VAT that the
Read more...
Making a voluntary disclosure to HMRC
Taxpayers are actively encouraged by HM Revenue & Customs (HMRC) to inform the tax authority if they realise that they did not pay the correct tax at
Read more...
New round of applications open for small grant scheme that could save you thousands
The Countryside Productivity Small Grant Scheme Round 2 has now opened for submissions, giving businesses working in the rural industries a chance to make big savings. But
Read more...
New figures show that a quarter of estates paying Inheritance Tax (IHT) are investigated by HMRC
The response to a Freedom of Information (FoI) request has revealed that as many as one in four estates that are liable for IHT are investigated each
Read more...
Principal Private Residence Relief and Lettings Relief changes due in April 2020
The start of the next tax year in April 2020 will see key changes come into effect in respect of Principal Private Residence Relief (PPR) and Lettings
Read more...
Employment Allowance to be restricted from next year
At the moment businesses and charities of all sizes can benefit from Employment Allowance. However, from the start of the new tax year in April 2020, the
Read more...
Summer childcare costs cooldown with Tax-Free Childcare
The Government wants to remind working parents that they could be entitled to up £2,000 per child per year to help with the costs of childcare, including
Read more...
HMRC outlines changes to Capital Gains Tax treatment on second homes
From April 2020, the date at which Capital Gains Tax (CGT) must be paid on a second home property disposal is changing. After this date, taxpayers will
Read more...
Construction businesses only have weeks left to prepare for the VAT reverse charge
Businesses in the construction industry now have only a matter of weeks left to prepare for the new VAT domestic reverse charge regime. These new rules will
Read more...
Government’s draft IR35 legislation contains important changes
After much anticipation, the Government has now published its draft legislation for the off-payroll working (IR35) rules, which will be enforced in the private sector from 6
Read more...
Incorporation no longer automatically resets the two year requirement for sole traders
Entrepreneurs’ Relief (ER) entitles a business owner to significant relief from Capital Gains Tax (CGT) on the disposal of their business, often halving the consequent tax bill.
Read more...
Remember to pay the annual data protection charge
Businesses across the UK are being reminded that, if they process personal data, they are subject to a legal requirement to pay the Information Commissioner’s Office (ICO)
Read more...