News

Joining the MTD ITSA pilot

Some businesses and agents are already keeping digital records and providing updates to HMRC as part of a

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Furnished Holiday Lets and VAT

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions

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Filing and paying company tax returns

If you have recently setup a new limited company or are thinking of doing so then one of the areas that

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Old style £20 and £50 notes

The Bank of England will be withdrawing legal tender status of paper £20 and £50 banknotes after 30

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Tax gap remains at 5.1%

The tax gap for the 2020-21 tax year has been published and remains at 5.1%. This is the second lowest

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Changes at HM Treasury

Last week saw the resignation of the previous Chancellor Rishi Sunak from the Government. The previous

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National Insurance for company directors

Directors are classed as employees and pay National Insurance on annual income from salary and bonuses

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Standards for tax agents

HMRC last published guidance on the standard for agents in January 2018 (updating the first set of

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Tax if living abroad and selling UK home

One of the most often used and valuable of the Capital Gains Tax (CGT) exemptions arises on the sale of

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Pensions triple lock to be reinstated

The triple lock guarantee on pensions that was suspended for the current 2022-23 tax year is to be

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Childcare top-up to cover summer activities

As the school holidays fast approach, many parents face having to organise extra school holiday childcare

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Tax credits renewal deadline reminder

31 July 2022 is the final day for families and individuals that receive tax credits to tell HMRC about

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