During last week’s mini-Budget, The Chancellor, Kwasi Kwarteng made extensive changes to taxation.
Controversial changes to the basis period rules will be pushed back to 2024, the Government has announced.
Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed. Read More
Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned. Read More
With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around. Read More
Those in receipt of tax credits must tell HM Revenue & Customs (HMRC) about any changes in their circumstances before 31 July or risk overpayment, it has been warned. Read More
Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has been confirmed. Read More
Major changes to the off-payroll working rules will go ahead in April 2021, it has been confirmed. Read More
HM Revenue & Customs (HMRC) has updated its guidance for people choosing to waive their income to support their business or a charity during the COVID-19 pandemic. Read More
Due to the coronavirus pandemic, many people in the UK are now working from home or have been placed on furlough leave, meaning that they are not using their employer-provided company car. But what is the impact on the benefit in kind (BIK)? Read More