Work from home tax relief: what employees need to know

It was confirmed this April that employees can continue to claim tax relief on work from home costs not reimbursed by employers, but only if they make a new claim for the 2021/22 tax year.

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Do you have taxable benefits? Start preparing now!

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.

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MPs call for business rates cut in 2021 Budget

A total of 45 MPs in England are calling for Chancellor Rishi Sunak to cut business rates in England from 50 per cent of the market rent to 35 per cent in the 2021 Budget.Continue reading→

Online sales tax proposal for Autumn Budget

The UK Treasury is considering online sales tax for retailers such as Amazon, Asos and Ocado, after a drastic increase in online shopping and the current “uneven system”, has caused many in-store retailers to be at a disadvantage.Continue reading→

ICAEW “questions” pension tax relief proposals

The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over proposals to alter the level of tax relief on pensions contributions for low-earners, arguing that any changes could burden businesses.Continue reading→

HMRC: Making Tax Digital to be extended to all VAT-registered businesses from 2022

HM Revenue & Customs (HMRC) has confirmed that Making Tax Digital (MTD) will be extended to all VAT-registered businesses from April 2022.Continue reading→

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 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→

HMRC suffers defeat in an IR35 case

The presenter of television show Loose Women, Kaye Adams, has become the latest TV personality to win a case against HM Revenue & Customs (HMRC) over her employment status.Continue reading→

Many businesses unaware of the criminal offences associated with tax evasion

Three-quarters of businesses are unaware of the corporate criminal offences relating to activity which is seen to facilitate tax evasion.Continue reading→