Latest News

Grandparents set to increase gifting following pandemic and families set to inherit more than expected

Grandparents set to increase gifting following pandemic and families set to inherit more than expected

Posted in Covid-19, Latest News on December 4, 2020

A pair of studies have revealed that UK grandparents are reconsidering their plans following the Coronavirus pandemic, which may mean that many families …

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Virtual Christmas parties eligible for £150 annual function exemption

Virtual Christmas parties eligible for £150 annual function exemption

Posted in Business News, Latest News on December 4, 2020

HM Revenue & Customs (HMRC) has confirmed that virtual Christmas parties will be eligible for the £150 annual function exemption that employers often …

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HM Revenue & Customs issues Capital Gains Tax reminder

HM Revenue & Customs issues Capital Gains Tax reminder

Posted in Business News, Latest News on December 4, 2020

HM Revenue & Customs (HMRC) has issued a reminder of recent changes to Capital Gains Tax (CGT) to taxpayers and the impending deadline for reporting …

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HMRC publishes consultation on MTD for Corporation Tax

HMRC publishes consultation on MTD for Corporation Tax

Posted in Covid-19, Latest News on December 4, 2020

A new consultation has been published by HM Revenue & Customs (HMRC) which explores how the core principles of Making Tax Digital (MTD) can be applied …

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Businesses face legal action over unpaid business rates

Businesses face legal action over unpaid business rates

Posted in Business News, Latest News on December 4, 2020

Local authorities have begun to take legal action against businesses that fail to pay their business rates bills. A new report from property consultancy …

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Eat Out to Help Out compliance checks underway

Eat Out to Help Out compliance checks underway

Posted in Business News, Latest News on December 4, 2020

More than 84,700 food and drink establishments took part in the Eat Out to Help Out (EOTHO) scheme, according to the Treasury’s latest figures. This …

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Scammers are targeting Self-Assessment taxpayers, says HMRC

Scammers are targeting Self-Assessment taxpayers, says HMRC

Posted in Business News, Latest News on December 4, 2020

HM Revenue & Customs (HMRC) is calling on Self-Assessment taxpayers to keep a look out for scammers posing as the tax authority. HMRC has said that …

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Daily penalties waived for Self-Assessment late filing

Daily penalties waived for Self-Assessment late filing

Posted in Business News, Latest News on November 4, 2020

HM Revenue & Customs (HMRC) has confirmed that it will not charge the usual daily penalties for late filing of 2018-19 Self-Assessment tax returns, …

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Homebuyers need to start purchases this month to take advantage of Stamp Duty savings

Homebuyers need to start purchases this month to take advantage of Stamp Duty savings

Posted in Business News, Latest News on November 4, 2020

Thousands of people across the UK have purchased new homes to take advantage of the Government’s Stamp Duty Land Tax (SDLT) holiday, but Legal & …

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HMRC warns taxpayers still aren’t ready for Making Tax Digital

HMRC warns taxpayers still aren’t ready for Making Tax Digital

Posted in Business News, Latest News on November 4, 2020

The Director of Making Tax Digital (MTD) at HM Revenue & Customs (HMRC) has warned that “not all taxpayers are ready for a digitalised tax system.” …

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