Government announces new stamp duty rates for non-residents from April 2021

HM Revenue & Customs (HMRC) has announced new rates of Stamp Duty Land Tax (SDLT) for non-residents from 1 April 2021.Continue reading

Chancellor considers online sales tax for e-commerce retail sector

The Chancellor, Rishi Sunak, is considering the introduction of a new sales tax for the online retail sector in a bid to help the struggling high street compete with the e-commerce sector.Continue reading

HMRC: Update tax credit account or risk overpayment

Those in receipt of tax credits must tell HM Revenue & Customs (HMRC) about any changes in their circumstances before 31 July or risk overpayment, it has been warned.Continue reading

Only a quarter of eligible businesses registered for ‘Eat out to help out’ scheme

According to the latest figures from HM Revenue & Customs (HMRC), only a quarter of eligible businesses in the hospitality sector have signed up to the new ‘Eat out to help out scheme’.Continue reading

COVID-19 – Almost one in three businesses ‘expect redundancies’ according to the latest research

Almost one in three businesses (29 per cent) expect to make redundancies in the next three months, according to the latest research from the British Chambers of Commerce (BCC) and Totaljobs.Continue reading

Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms

Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed.Continue reading

UK SMEs optimistic for future despite Coronavirus pandemic

According to the latest research, the majority of UK based small and medium-sized enterprises (SMEs) are optimistic about the future despite the huge challenges many businesses are facing as a result of the pandemic.Continue reading

Chancellor orders review into Capital Gains Tax system

The Chancellor, Rishi Sunak, has commissioned a report into the UK’s Capital Gains Tax (CGT) system, it has been announced.Continue reading

“Tax gap” falls to lowest level on record

The “tax gap” – the difference between what should be paid and what is actually paid – has fallen to its lowest recorded rate, new figures have revealed.Continue reading

Government announces £10 million tourism rescue package

The Government has announced that tourism providers in England and Wales can now apply for a share of a £10 million rescue package designed to support the sector.Continue reading

Can we help? Talk to our expert team