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....

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...

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

The UK Government is seeking input on plans to boost the regularity of business rates revaluations. HM Treasury launched a consultation...

An estimated 26,000 e-commerce sellers will face £180m in additional red tape costs, as the EU introduces new VAT rules on sales coming...

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 UK Government accounced Pay As You Grow (PAYG) options for Bounce Back Loan borrowers in September 2020, giving the borrower the...

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...