Couples celebrate Valentine’s Day with £250 tax break

HM Revenue & Customs (HMRC) is urging civil partners and spouses to celebrate Valentine’s Day by claiming the Marriage Allowance.Continue reading→

Government launches consultation on plans for new freeports

The Government has launched a consultation on plans to create up to ten freeports across the UK in a bid to encourage global trade and attract inward investment following Brexit.Continue reading→

Businesses could save tax by bringing forward capital purchases

Businesses can deduct the full value of an item that qualifies for Annual Investment Allowance (AIA) from their profits before tax.

But did you know that from 1 January 2019 to 31 December 2020, the allowance has been significantly increased from £200,000 to £1 million?

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Government extends deadline to claim post-Brexit customs support

The deadline for applying for customs and tariff support has been extended to 31 January 2021, the Government has announced.Continue reading→

Changes to off-payroll working rules give businesses “more time to prepare”

The new off-payroll working rules in the private sector will only apply to payments made for services provided on or after 06 April 2020, it has been revealed.Continue reading→

Digital sector worth more than £400 million a day to UK economy

According to new Government figures, the digital sector contributed to £149 billion to the country during 2018, accounting for 7.7 per cent of the UK economy.Continue reading→

HMRC: Record 11 million file Self-Assessment tax return before 31 January deadline

According to the latest data from HM Revenue & Customs (HMRC), a record 11.1 million taxpayers filed their tax returns before the deadline on 31 January.Continue reading→

Company insolvencies hit six-year high

Company insolvencies increased to their highest annual level for over six years, the latest statistics have shown.Continue reading→

National Insurance Contributions threshold to rise from April 2020

The National Insurance Contributions (NICs) threshold will increase to £9,500 per year from April 2020, the Government has confirmed.Continue reading→

Rule change to shorten tax deadline for property sellers

Experts are warning that buy-to-let landlords and other property owners are at risk of financial penalties due to an obscure change to tax rules.Continue reading→