Individuals and businesses can automatically defer their second 2019-20 self-assessment payment on account until 31 January 2021, HMRC is reminding taxpayers.Taxpayers do not need...
The House of Commons Treasury committee
is launching an inquiry ‘Tax after coronavirus’.
It aims to look at the major
long-term pressures on the UK tax system, what...
HMRC has published new guidance on how businesses can repay grants received under the self-employment income support scheme (SEISS) to which they were not entitled. If a business...
Welsh land transaction taxThe starting threshold for the land transaction tax in Wales will increase from £180,000 to £250,000 for the residential main rate from 27...
The UK tax gap for 2018-19 was estimated to be £31bn, which is 4.7% of theoretical tax liabilities. This is a decrease from 2017-18 when the percentage was 5%. HMRC states...
HMRC has withdrawn guidance published on 6 July stating that employees
will face a taxable benefit in kind when their employer pays for coronavirus
testing. The about-turn came in...
More than one million bounce back loans worth £30.93bn have been approved for small firms to help them survive the coronavirus pandemic.HMRC statistics also reveal that...
The government is consulting on draft legislation that allows two named charter trustees to obtain refunds
of VAT incurred in the course of their non-business activities.
HMRC is...
The temporary zero rate of VAT
has been extended for a further three months to 31 October 2020. This is for
the supply to any business or individual of personal protective...
Deferred SA paymentsHMRC has updated its guidance on deferring the second payment on account. It states that June 2020 self-assessment statements showed 31 January 2021 as the due...
The deadline for people to renew their tax credits is 31 July. Any changes in circumstances or income must be notified to HMRC by that date. Renewing can be done online by logging...
In July 2015, the collection of class 2 National Insurance contributions was submerged into the self-assessment tax return. This has caused calculation and payment problems for...