Tax Insider August 2022

Included in this months article:

  • Lack of awareness of tax liability among crypto investors
  • HMRC: Businesses don’t think MTD applies to them
  • Self employed struggling with tax obligations
  • Bank of England focusses on returning inflation to 2% target
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Tax Insider June 2022

Included in this month’s article:

  • HMRC raises interest rates on late tax payments
  • Work from home tax relief may not be available in 2022/23
  • Bank of England raises interest rate to 1%
  • SMEs unprepared for MTD rollout
(more…) Read More

Tax Insider May 2022

Included in this Month’s article:

  • IR35 Reform Landing Period Ends
  • New Law to Resolve Covid Rent Debt
  • National Insurance and Dividend 1.25% Uplift Underway
  • MTD for VAT rolls out to all VAT-Registered Businesses
(more…) Read More

Tax Insider April 2022

Included in this month’s article:

  • Over one million individuals use extra time to file tax returns.
  • Economic forecasts dampen for 2022
  • House of lords raises concerns over IR35
  • Government launches onlines sales tax public consultation
(more…) Read More

Tax Insider March 2022

Included in this months article:

  • Two million people missed self-assessment deadline
  • £50m shot in the arm for the UK’s creative businesses
  • HMRC eyes reform of stamp taxes and multiple dwellings
  • ‘Ditch NICE increase to free up funds for apprentices’
(more…) Read More

Tax Insider February 2022

Included in this month’s article:

  • HMRC waives penalties again for late self-assessment
  • Omicron-hit employers can reclaim statutory sick pay
  • Treasury’s pensions tax relief bill soars past £42BN
  • Deadline looms for new hospitality and leisure grants
(more…) Read More

Tax Insider January 2022

Included in this months issue:

  • HMRC issues last reminder for 2020/21 personal tax returns
  • One if four buy-to-let landlords ‘plan to sell up in 2022’
  • More red tape for importers as new EU checks kick in
  • Report sheds more light on changes to R&D regime
(more…) Read More

Tax Insider December 2021

Included in this month’s article:

  • Cladding tax to affect large property developers in 2022/23
  • Six-month extension for COVID-19 recovery loan scheme
  • Tax reporting deadline for additional property sales extends
  • Budget confirms one-year delay for basis period reform
(more…) Read More

Tax Insider November 2021

Included in this months article:

  • Salary sacrifice could ‘dampen increased NICS costs’
  • Hospitality and tourism VAT rate increases to 12.5%
  • Business rates burden eases for retailers and hospitality firms
  • Extension for temporary £1M annual investment allowance
(more…) Read More

Tax Insider October 2021

Included in this month’s article:

  • Curtain comes down on stamp duty land tax holiday
  • Government launches new trust registration service
  • The rise of electric vehicles could create £30BN tax hole
  • National insurance and dividends tax rates to rise 1.25% in 2022/23
(more…) Read More

Tax Insider September 2021

Included in this month’s article:

  • Deadline approaches for fifth and final self-employed grant
  • National Insurance contribution rates ‘poised to increase’
  • 1 in 5 UK employers consider making redundancies
  • Capital gains tax receipts climb 3% to record-high
(more…) Read More

August 2021 Tax insider

Included in this month’s article:

  • Lower stamp duty land tax threshold in place until October.
  • Employer costs increase as furlough scheme winds down.
  • Treasury seeks feedback on business rates revaluations.
  • Pensions tex traps catch out thousands more savers.
(more…) Read More

Tax Insider July 2021

Included in this months article:

  • Sweeping VAT reforms in the EU will affect the UK’s online retailers
  • Families hit with big bills after believing gifts would not be taxed
  • OTS considers bringing the end of the tax year forward
  • UK tax incentive ‘fails to deliver extra R&D spending’
(more…) Read More

June 2021 Tax Insider

Included in this month’s article:

  • Deadline approaches for SME Brexit support grant
  • Employers told to issue childcare voucher reminder
  • Directors bank mandatory climate credential disclosure plan
  • HMRC seeks to remove VAT repayment Supplement
(more…) Read More

May 2021 Tax Insider

Included in this month’s article:

  • Super-deduction tempts 51% of manufacturers to invest
  • VAT-registered firms start using digital links under MTD
  • HMRC rolls out new measures to ‘Tackle CIS abuse’
  • Workplace pension contributions bounce back after slump
(more…) Read More

April 2021 Tax Insider

Included in this month’s article:

  • Three month extension for business rates holiday in England
  • New recovery loan scheme replaces previous COVID-19 loans
  • VAT-registration and deregistration thresholds frozen until 2024/25
  • Treasury issues guidance on the final two self-employed grants
(more…) Read More

March 2021 Tax Insider

Included in this month’s artice:

  • Opt-in to VAT deferral new payment scheme by 31 March 2021
  • Personal allowance and higher-rate threshold to increase 0.5%
  • Changes to prompt-payment code aim to end late payments
  • Record number miss self-assessment filing deadline due to COVID-19
(more…) Read More

February 2021 Tax Insider

Included in this months article:

  • Hardest-hit businesses offered new government grants of up to £9,000
  • Pre-Christmas furlough extension stems the tide of redundancies
  • Record number of small businesses ‘set to close for good in 2021’
  • COVID-19 sees retail sales slump to a 25-year low in 2020
(more…) Read More

January 2021 Tax Insider

Included in this month’s article:

  • Annual investment allowance remains at £1m until 2022
  • HMRC issues last reminder for 2019/20 personal tax returns
  • One-year freeze for business rates multiplier in England
  • National living wage to increase alongside age threshold fall
(more…) Read More

Tax Insider December 2020

INCLUDED IN THIS MONTH’S ARTICLE:

  • VAT-REGISTERED TRADERS URGED TO PREPARE FOR LIFE AFTER BREXIT
  • FURLOUGH SCHEME EXTENDS UK-WIDE UNTIL THE END OF MARCH
  • GOVERNMENT BODY URGES CAPITAL GAINS TAX OVERHAUL
  • SELF-EMPLOYED FEAR TAX RETURNS MAY AFFECT FOURTH SEISS CLAIM
(more…) Read More

TAX INSIDER NOVEMBER 2020

INCLUDED IN THIS MONTH’S ARTICLE:

– GROUP SLAMS LATEST TAXABLE GRANTS FOR THE SELF-EMPLOYED
– IMPROVED JOB SUPPORT SCHEME OPENS FOR EMPLOYERS
– SUNAK HINTS AT SPRING TAX HIKES TO ‘BALANCE THE BOOKS’
– THREE IN FIVE BOUNCE-BACK LOANS MAY NEVER BE REPAID, WATCHDOG CLAIMS

(more…) Read More

Tax Insider October 2020

Included in this month’s article:

  • Commission set to recommend national living wage freeze
  • Chancellor reveals new support measures amid second-wave fears
  • Tax group calls for extension to the annual investment allowance
  • Fraudulent furlough claims or those paid in error cost £3.5BN
(more…) Read More

Tax Insider September 2020

INCLUDED IN THIS MONTH’S ARTICLE:

  • VIDEO-WITNESSED WILLS BECOME LEGAL IN ENGLAND AND WALES
  • BUSINESSES CLAIM LATE PAYMENTS CRISIS DEEPENS DURING LOCKDOWN
  • FURLOUGHED WORKERS GET REDUNDANCY PAY PROTECTION
  • FIRMS ‘UNABLE TO PREPARE’ FOR END OF BREXIT TRANSITION PERIOD
(more…) Read More

Tax Insider August 2020

INCLUDED IN THIS MONTHS ARTICLE:

  • CAPITAL GAINS TAX UNDER REVIEW AS TREASURY CONSIDERS OVERHAUL
  • APPLICATIONS OPEN FOR SECOND PHASE OF SELF-EMPLOYED INCOME SUPPORT
  • MAKING TAX DIGITAL TO ‘APPLY TO ALL VAT-REGISTERED TRADERS BY 2022/23’
  • MPS: LET OPTED-OUT WORKERS RE-ENROL BACK INTO WORKPLACE PENSIONS EARLY
(more…) Read More

Tax Insider 2020

Included in this month’s article:

  • RELIEF AS SUNAK EXTENDS FURLOUGH SCHEME UNTIL THE END OF OCTOBER
  • BUSINESSES CLAIM BILLIONS IN STATE SUPPORT TO EASE CASHFLOW FEARS
  • CORONAVIRUS IMPACT PLACES THE UK ECONOMY INTO ‘SIGNIFICANT RECESSION’
  • HMRC RELAXES STANCE ON HOME OFFICE EQUIPMENT UNTIL 2021/22
(more…) Read More

July 2020 Tax Insider

Included in this month’s issue:

  • UK ECONOMY SLUMPS INTO RECESSION AFTER RECORD CONTRACTION IN APRIL
  • BUILDERS’ CASHFLOW CHAOS PROMPTS FURTHER REVERSE CHARGE VAT DELAY
  • GOVERNMENT CLARIFIES FURLOUGH SCHEME STANCE FOR EMPLOYERS
  • SELF-EMPLOYED GRANTS ‘ARE LIABLE FOR TAX AND NATIONAL INSURANCE’
(more…) Read More

April 2020 Tax Insider

INCLUDED IN THIS ARTICLE:
– COVID-19 POSTPONES OFF-PAYROLL EXTENSION TO THE PRIVATE SECTOR
– CORONAVIRUS PANDEMIC PROMPTS ONE-YEAR BUSINESS RATES HOLIDAY
– CHANCELLOR UPS ANNUAL PENSION ALLOWANCE THRESHOLDS BY £90,000
– ENTREPRENEURS’ RELIEF LIFETIME LIMIT SLASHED FROM £10M TO £1M

(more…) Read More

September 2019 Tax Insider

Included in this months issue:

– Treasury to review tapered annual allowance as dispute rumbles on
– Retailers unite in call for business rates solution
– Javid ‘to broaden the apprenticeship levy into a wider skills levy’
– Reverse charge VAT for builders delayed for 12 months

Click here to read the article

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August 2019 Tax Insider

Included in this months issue:
– Demand for digital skills among businesses tipped to ‘skyrocket’
– Businesses urged to inform staff of tax-free childcare
– Rules on gifts made to loved ones should be simplified, says the OTS
– Treasury urged to rethink buy-to-let crackdown

Click here to read the article

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May 2019 Tax Insider

Included in this months issue:
– MPs call for break-up of big four’s accountancy services
– HMRC announces delay to probate fee increase
– Landlords feeling the pinch as tax measures begin to bite
– First VAT-registered businesses enter into making tax digital

Read the full article here.

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April 2019 Tax Insider

Included in this month’s article:
– GOVERNMENT CONSULTS ON NEW STAMP DUTY SURCHARGE
– THOUSANDS FACE HUGE TAX AVOIDANCE BILLS
– MINISTERS GIVE THUMBS-UP FOR PROBATE REVAMP
– APPRENTICESHIP ‘STARTS’ FALL BY A QUARTER
(more…)

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February 2019 Tax Insider

Included in this months issue:

– Auto-enrolment fines rise 146%
– Dual-registration service passes 200,000 milestone
– Partners hit by avoidable ISA tax charge
– Think tank proposes tax changes to save £7bn (more…)

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