Making Tax Digital (MTD) for VAT started on 1 April 2019, affecting VAT-registered businesses with a taxable turnover above the VAT threshold of £85,000. The primary legislation for Making Tax Digital relating to VAT and Income Tax is contained in the Finance (No. 2) Act 2017 and provides certainty about...
Autumn Budget Summary – key reminders
Welcome to our Autumn Budget Summary. The new Chancellor, Jeremy Hunt, presented his first budget...Mini umbrella company fraud increases
The rise of mini umbrella company fraud continues to concern HRMC which has recently updated...Inheritance tax receipts double in a decade
New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13....
Getting in touch with HMRC isn’t always quick and easy, but it is slowly moving into the 21st century with a new email facility in the near future. But of course, it comes with a few conditions.
The residence nil rate band allows any unused RNRB from the first death of a spouse/partner to be relieved on the death of the second individual.
Whilst HMRC late payment interest rates have been raised six times during 2022, there has been an uplift to the repayment rate on overpaid tax.
New reforms will affect companies claiming tax relief or credits on R&D expenditure for accounting periods beginning on or after 1 April 2023.
Emergency Budget Summary 2022: key points at a glance, what it means for you, your family, your business, and the economy.
CGT deadlines for divorcing couples have been eased by the government which brings relief to many during what is already a stressful time.
