Chancellor Rishi Sunak has asked the Office of Tax Simplification (OTS) to carry out a thorough review of capital gains tax (CGT).
In a letter to the OTS, the Chancellor requested that the…
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Chancellor Rishi Sunak has asked the Office of Tax Simplification (OTS) to carry out a thorough review of capital gains tax (CGT).
In a letter to the OTS, the Chancellor requested that the…
Two self assessment deadlines are approaching:
5th October 2020
For those individuals who have not previously completed a tax return but need…
Businesses in England that are required to shut because of local interventions will now be able to claim up to £1,500 per property every three weeks.
To be eligible for the grant, a business…
HMRC has confirmed that they will accept a virtual Christmas party as an event which is capable of falling within the tax exemption rules for annual functions.
The Association of Taxation…
HMRC is advising the self employed that the Self-Employment Income Support Scheme (SEISS) has been extended. Taxpayers who were not eligible for the first and second grant will not be eligible for…
The government has announced that employers can now apply for a £1,000 bonus, a cash boost, to help them take on new trainees.
The new scheme will support young people to gain the skills…
New company car advisory fuel rates have been published and took effect from 1 March 2021.
The guidance states: 'You can use the previous rates for up to one month from the date the new…
UK workers are set to benefit from rises in the National Minimum Wage (NMW) and the National Living Wage (NLW) rates that took effect from 1 April 2021.
The NMW which applies to 21 and 22…
The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the independent body responsible for helping to make the UK tax system simpler and easier to interact…
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