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The government will consult in the new year on further measures to tackle promoters of tax avoidance schemes. These proposals will build on those announced earlier this year. They...
Holdover reliefHMRC has updated its guidance on capital gains tax holdover relief to include new information as a result of measures put in place to stop the spread of coronavirus....
The rates of capital gains tax and income tax should be more closely aligned and the annual exemption reduced, recommends the Office of Tax Simplification (OTS) in its first report...
The government has published further draft legislation for the Finance Bill 2021 in addition to those released in July. The latest provisions cover the plastic packaging tax, tax...
The government has extended the annual investment allowance £1m threshold until 1 January 2022. It was previously due to revert to £200,000 on 1 January 2021.The move...
The claims portal for coronavirus job retention scheme (CJRS) claims for periods from 1 November is open. It is not necessary to have used the scheme before to claim.There are now...
IR35 and National InsuranceThe Social Security Contributions (Intermediaries) (Miscellaneous Amendments) Regulations SI 2020/1220 introduce changes to National Insurance...
HMRC is inviting voluntary and community sector organisations to apply for grant funding so they can help individuals who need extra support with their tax affairs. Organisations...
In 2019-20, HMRC generated tax revenues of £636.7bn from 45 million individual taxpayers and five million businesses, an increase of £8.8bn on the previous year,...
HMRC has written to VAT-registered traders highlighting actions they need to take to continue trading with the EU from 1 January 2021. Under the border operating model new customs...
The chancellor announced on 5 November that the coronavirus job retention scheme (CJRS) will be extended until the end of March 2021 for all parts of the UK. For claim periods...
HMRC has clarified its policy on the treatment of ultrasound scanning services for pregnant women after the First-tier Tribunal’s decision in Window to the Womb (Franchise)...
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