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...

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....

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...

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

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

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....

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...

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...

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...

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