Scottish Budget Income Tax

Feb 04, 2021

Finance Secretary Kate Forbes delivered the 2021/22 Scottish Draft Budget on Thursday 28 January 2021, setting out the Scottish Government's financial and tax plans.

The Government has devolved…

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10.7 million taxpayers submitted their 2019/20 Self Assessment tax returns

Feb 04, 2021

HMRC has revealed that more than 10.7 million taxpayers submitted their 2019/20 Self Assessment tax returns by the 31 January deadline.

The remaining 1.8 million whose tax return is now late…

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Rogue employers named and shamed for failing to pay employees the minimum wage

Feb 04, 2021

HMRC has published the names of 139 named companies that failed to pay minimum wages amounting to £6.7 million to over 95,000 workers.

HMRC has named 139 companies, including major household…

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Self-Employment Income Support Scheme

Jan 06, 2021

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…

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Chancellor announces £4.6 billion lockdown grant package

Jan 06, 2021

Chancellor Rishi Sunak has announced a new £4.6 billion package of grants to support businesses through the latest national lockdown.

UK businesses in the retail, hospitality and leisure sectors…

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Merry Christmas from Armstrongs

Dec 10, 2020

Wishing all our clients and friends a Merry Christmas and a Happy New Year! 

Our Christmas opening times are:

  • Closed - 4pm on Thursday 24th December 2020.
  • Open…

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£1 million Annual Investment Allowance cap extended

Dec 01, 2020

The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.

The…

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HMRC confirms MTD for corporation tax to be mandated from 2026

Dec 01, 2020

In a new consultation HMRC has confirmed that Making Tax Digital for corporation tax (MTD for CT) will not be implemented until 2026 'at the earliest'.

The consultation considers how the principles…

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Self assessment taxpayers warned to watch out for scammers posing as HMRC

Dec 01, 2020

HMRC is warning self assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline.

Every year HMRC issues thousands of SMS…

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