HMRC has revised interest rates for late payments following the Bank of England's interest rate rise to 5.25%. The Bank's Monetary Policy...

The Government is calling for evidence on income tax self-assessment (ITSA) registration to find out whether bringing forward the point...

A Budget policy paper confirms that the switch from currently a basis to the tax year basis will happen for all self-employed individuals...

Rishi Sunak delivered his third budget as chancellor to the Commons on Wednesday 27 October 2021 where he announced a series of measures...

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

The Government has delayed the introduction of Making Tax Digital for Income Tax self-assessment (MTD for ITSA) to 6 April 2024 to give...

The government plans to increase dividend tax by 1.25 percentage points, which means investors will have to pay more on the money they...

If you're an employer, the rate changes could make the process of hiring staff more expensive. Looking ahead, you will likely need to cut...

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

HMRC has clarified changes to the late payment penalty scheme which will start to come into force from April 2022. There are two late...

Reforms to the tax system aim to make it easier for self-employed workers and small businesses to fill out their returns have been...

The claims service for the fifth SEISS grant will open from late July. The grant covers lost or reduced earnings from May to September...

Unlike the previous four grants, the fifth grant will be worth different percentages of average trading profits depending on the...

The Low Income Tax Reform Group ("LITRG") is warning people who have claimed Self-Employment Income Support Scheme ("SEISS") grants that...

The fourth Self-employed Income Support Scheme (SEISS) grant covers the period February to April 2021. It will now be open to individuals...

The private sector reform was due to take place in April 2020, but was delayed because of the Covid-19 pandemic. Key points IR35 refers...

The Chancellor unveiled more details about the fourth self employed grant during the budget on 3 March. Key Points The Chancellor...

A significantly tougher regime of penalties for late income tax payment was released in the Budget announcement on 3 March. Key Points...

In February 2021, Foxmain Associates was selected as one of the UK’s leading accountancy firms by Handpicked Accountants. With over...

It's just over 50 days until the end of the tax year, so don't leave it last minute to undertake some tax planning to legally mitigate...