The second Budget in 2021 will be announced alongside a spending review on 27 October 2021. With the UK still recovering, what could be...

Businesses have been given an extra three months to take on young employees through the government funded Kickstart Scheme after Rishi...

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...

The government scheme enabling small businesses to recoup statutory sick pay costs due to coronavirus were closed at the end of the...

The Prime Minister this week held a briefing to set out the government's plan to manage COVID throughout Autumn and Winter. As part of...

The triple lock on the state pension will be temporarily suspended next year due to an anticipated “unusual change in earnings” of 8%,...

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

The most recent figures show that taxpayers saved £30 million in inheritance tax (IHT) through gifting last year with many taking...

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

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

The Government could increase National Insurance contributions (NICs) by 1% for both employers and employees, a report has claimed. The...

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....

The Federation of Small Businesses (FSB) has laid out a five-point plan to help the Government create a better export support scheme for...

HMRC has reminded married couples and those in civil partnerships that they could reduce their income tax liability by up to £252 a year...

First announced in March 2021 and set to run from 1 April 2021 for two years, the super-deduction allows any investments a business makes...

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

HMRC has clarified the VAT treatment of the supply of electricity for electric cars in a recent brief, outlining when input tax can be...

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