Sweeping VAT reforms in the EU will affect the UK’s online retailers, families hit with big bills after believing gifts would not be taxed and OTS considers bringing the end of the tax year forward.
Publications
Costs you can reclaim on the business
If you’re self-employed, your business will rack up various running costs throughout 2021/22. Some of those you’re able to deduct as allowable expenses.
Insider June 2021
The deadline approaches for SME Brexit support grant, employers are reminded to issue childcare vouchers and HMRC seeks to remove VAT repayment supplement.
Tax Implications of Furnished Holiday Lets
COVID-19 prompts high demand for UK holidays and many people are planning to enjoy domestic holidays this summer.
Insider May 2021
HMRC brings in four new measures affecting the construction industry scheme cracking down on tackling abuse of the scheme, VAT-Registered firms start using digital links under MTD and workplace pension contributions bounce back after slump.
Personal Tax Planning for 2021/22
What’s changing for the new tax year?
Insider April 2021
The Treasury has frozen the UK’s VAT thresholds for a further two years in a bid to start repairing public finances following COVID-19, the year-long business rates holiday in England has been
extended for another three months and new recovery loan scheme replaces previous Covid-19 loans.
Insider March 2021
Businesses that deferred paying VAT between 20 March 2020 and 30 June 2020 do not need to pay the full amounts by the end of this month and record number miss Self-Assessment filing deadline due to Covid-19.
Spring Budget 2021
On 3 March 2021 the Chancellor of the Exchequer delivered his second Budget. Here we pull together the main highlights…
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