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

Included in this month’s article:

• Government overhauls audit scheme
• National insurance threshold increases
• Recovery loan scheme comes to an end
• Taxpayers not ready for making tax digital

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

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

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

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’

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

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

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

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

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

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

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.

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’

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

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

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

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

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

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

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

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

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

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

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

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

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’

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

CONTAINED IN THIS MONTH’S ARTICLE:
– QUARTER OF SMALL BUSINESSES IN THE UK EXPECT TO GO BUST BY 2024
– EXTENSION OF OFF-PAYROLL RULES INTO THE PRIVATE SECTOR COULD FACE DELAY

CONTAINED IN THIS MONTH’S ARTICLE:
– DELAY TO CONTROVERSIAL LOAN CHARGE REVIEW LEAVES THOUSANDS IN LIMBO
– MINISTRY OF JUSTICE FINALLY ABANDONS PLANS TO INCREASE PROBATE FEES

CONTAINED IN THIS MONTH’S ARTICLE:
– MESSAGES AIM TO PROMOTE PENSION SAVING TO THE SELF-EMPLOYED
– STAMP DUTY RECEIPTS IN ENGLAND AND NORTHERN IRELAND DOWN 7% IN 2018/19

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…)

Included in this article:

– HMRC error hits early-paying self-assessment taxpayers
– Minimum contributions rise to 3% for employers in April
– Making Tax Digital for VAT: one month to go
– Government launches service to prepare firms for EU exit

Read the full article here.

Included in this months article:

– Businesses getting to grips with apprenticeship levy
– R&D investment grows to £23.7bn in 2016/17
– OTS calls for inheritance tax system to be digitised
– Critics urge delay in rollout of MTD

Read The Full Article Here