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 Federation for Small Businesses is calling on the government to extend its support for small firms after the lifting of lockdown...

The temporary holiday for stamp duty land tax is set to start tapering off from 30 June 2021 as the UK continues its gradual closing of...

The Office for Tax Simplification ("OTS") is to explore changing the end of the tax year from 5 April to either 31 March or 31 December....

Businesses that deferred VAT payments during the early stages of the pandemic which remain outstanding need to act by the end of June in...

As the fourth self employment income support scheme (SEISS) ramps up for applications, HMRC has confirmed the penalty regime with harsh...

For periods from 1 May 2021 onwards, you will be able to claim for newly eligible employees who you could not claim for from 1 November...

Employed workers can now claim the government's working from home allowance for the 2021/22 tax year. This gives workers a £6 per week...

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...

Extended VAT discount for hospitality The current 5% VAT rate for the hospitality sector, holiday providers and attractions will be...

The government’s new capital allowance ‘super-deduction’ hopes to boost business investment and productivity, but good planning and...

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

The Chancellor has reportedly ruled out a rise in fuel duty. Rishi Sunak may extend the initiative under which drivers of electric...

Over 500,000 VAT registered businesses who deferred VAT payments between March and June 2020 now have the opportunity to join the new...

Key points: - HMRC outlines ways it will support businesses and when it will intervene; Changes to the off-payroll working rules are set...

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...

There was a time when HMRC's marketing used to say "Tax doesn't have to be taxing". And they're right.... Especially if you choose to use...