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
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
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