Tax-relief schemes may help start-ups raise outside investment – ICAEW
Tax-relief schemes may help start-ups and established businesses attract outside investment when traditional investment is not viable, a major regulator has said.
Category Archives: Tax News
Sole traders “disproportionately impacted” by coronavirus pandemic
Just four in 10 sole traders have returned to pre-pandemic levels of trading despite Covid-19 restrictions being lifted, a major study has revealed.
150,000 businesses owe HMRC £2.7 billion in deferred VAT payments
HM Revenue and Customs (HMRC) reported that 150,000 UK businesses have not yet made arrangements to pay back deferred VAT payments, and therefore owe the department £2.7 billion. Continue reading
HMRC helpsheet to support residential property sellers with new CGT rules
New guidance will help homeowners understand the implications of capital gains tax (CGT) when selling UK residential property, it has been revealed.Continue reading
Taxman targets cryptoassets for Capital Gains Tax
As the old saying goes, in this world, nothing is certain except death and taxes.
Pension savers hit hard by lifetime allowance taxation
Pension savers have been hit hard by tax charges, according to the latest Government figures.
Nearly half a million taxpayers yet to renew tax credits, HMRC warns
Almost half a million tax credit customers have yet to renew their claims ahead of the 31 July deadline, it has been warned.Continue reading
OTS to consider “benefits and implications” of moving tax year end date
The Office for Tax Simplification (OTS) will explore whether there is a case for moving the UK’s tax year end date.
Now is the time to prepare details of your taxable benefits
The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees.
Register for Making Tax Digital for VAT or risk penalties, HMRC warns
Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.
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