The Office for Tax Simplification (OTS) will explore whether there is a case for moving the UK’s tax year end date.
Tax News
Now is the time to prepare details of your taxable benefits
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.
Register for Making Tax Digital for VAT or risk penalties, HMRC warns
Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.
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…
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.
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…
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…
Government outlines new R&D tax relief PAYE cap
New draft legislation has been released by the Government that will look to introduce a PAYE cap on R&D tax credit claims. The cap was first announced in the 2018…
Temporary Annual Investment Allowance extended to January 2022
The temporary £1 million increase to the Annual Investment Allowance (AIA) has now been extended until 1 January 2022 to help businesses invest, the Government has announced. The increase to…
Official report recommends significant increases in Capital Gains Tax
The Office for Tax Simplification (OTS) has released a new report that recommends ministers consider bringing rates of Capital Gains Tax (CGT) in line with Income Tax or consider addressing…
