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Treasury to maintain existing capital gains tax rates
The Treasury has dismissed recommendations from the Office of Tax Simplification (OTS) to allowing capital gains tax with income tax,...
Dec 23, 2021


Reforming registration for individuals with income from self-employment of property
The Government is calling for evidence on income tax self-assessment (ITSA) registration to find out whether bringing forward the point...
Dec 14, 2021


Treasury rules out IHT reform recommendations
The Government has decided not to take on recommendations made by the Office of Tax Simplification (OTS) for inheritance tax. The OTS Has...
Dec 11, 2021


The Christmas party tax exemption for employers
As we head into another festive season, many employers are now, more than ever, looking to bring a little bit of cheer to their employees...
Dec 8, 2021


Mileage and Fuel Allowance
If you're looking at mileage allowances for business use of employees own vehicles, and reviewing or planning your finances, please feel...
Dec 2, 2021


HMRC publishes new guidance for businesses using temporary workers
Many businesses use recruitment agencies to source temporary workers. These agencies may choose to outsource the administrative burdens...
Nov 9, 2021


Company Car Tax and Legislation
The Government announced a raft of tax and spending proposals in Budget 2021, but announcements for the fleet and leasing industry within...
Nov 6, 2021


Budget confirms one-year delay to basis period reform
A Budget policy paper confirms that the switch from currently a basis to the tax year basis will happen for all self-employed individuals...
Nov 4, 2021


Autumn Budget and Spending Review
Rishi Sunak delivered his third budget as chancellor to the Commons on Wednesday 27 October 2021 where he announced a series of measures...
Oct 28, 2021


Autumn Budget 2021 - Early indications, announcements and more.
Rishi Sunak will deliver his budget and spending review to the Commons this Wednesday and the Chancellor has already announced a series...
Oct 25, 2021


Budget 2021 predictions
The Chancellor, Rishi Sunak, will reveal his Budget and Autumn spending review to the Commons on 27 October 2021, The government spending...
Oct 20, 2021


Salary sacrifice 'may mitigate the NICs rise'
Salary sacrifice arrangements could help lessen employees’ additional tax bills from the rise in National Insurance contributions (NICs)...
Oct 11, 2021


What will be in the upcoming Autumn budget for small businesses?
The second Budget in 2021 will be announced alongside a spending review on 27 October 2021. With the UK still recovering, what could be...
Oct 5, 2021


Chancellor announces extension of Kickstart Scheme
Businesses have been given an extra three months to take on young employees through the government funded Kickstart Scheme after Rishi...
Oct 1, 2021


Businesses get more time to prepare for digital tax changes.
The Government has delayed the introduction of Making Tax Digital for Income Tax self-assessment (MTD for ITSA) to 6 April 2024 to give...
Sep 27, 2021


PM announces 1.25% National Insurance hike
National Insurance contributions will rise by 1.25% to pay for the social care system in England, with the levy expected to raise about...
Sep 8, 2021


Extended loss carry back for businesses
The trading loss carry-back rules have been temporarily extended for both income tax and corporation tax purposes to support businesses...
Sep 1, 2021


Changes to late payment penalty regime for taxpayers
HMRC has clarified changes to the late payment penalty scheme which will start to come into force from April 2022. There are two late...
Aug 31, 2021


Government considering a National Insurance rise to fund social care
The Government could increase National Insurance contributions (NICs) by 1% for both employers and employees, a report has claimed. The...
Aug 26, 2021


Businesses support changing the tax year date
A poll has found that 91% of medium sized firms support simplifying the tax system by changing the end of the tax year to 31 December....
Aug 25, 2021
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