HM Revenue & Customs (HMRC) has announced new rates of Stamp Duty Land Tax (SDLT) for non-residents from 1 April 2021. Continue reading
Category Archives: HMRC
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
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
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
COVID-19: Government set to introduce Stamp Duty holiday
The Chancellor, Rishi Sunak, is set to announce the introduction of a Stamp Duty holiday in his summer statement on Wednesday 8 July 2020. Continue reading
IR35: Off-payroll working rules to go ahead in April 2021
Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed. Continue reading
COVID-19: The key dates for your tax diary
There are a number of Government support measures to help businesses through the coronavirus pandemic, as well as various business tax obligations being deferred. However, it can be difficult to keep track of all of the dates, deadlines and requirements, with many being amended, delayed or deferred over the past few months. Continue reading
Can I save money by leasing a car through my company?
Is it cheaper to lease a car through a limited company? It’s a question we’re often asked, but the answer isn’t quite so straightforward. Continue reading