The thresholds for employee and employer national insurance contributions (NICs) have been increased by £1 a week for the 2021/22 tax year. Employee...
Deferral of VAT payments due to Coronavirus
If you deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make, you can:...
Subsidised meals for employees
An employer may provide subsidised or free meals for its staff tax-free. Employer subsidised meals must be: - Available to all staff. - Made ava...
Get ready for the new off-payroll working rules
Get ready for the new off-payroll working rules: This time last year businesses were preparing for important changes to the rules where workers sup...
European property owners face higher tax bills
European property owners face higher tax bills. Now that the UK has finally left the EU some taxpayers will start to see additional tax costs....
Diary of main tax events February/March 2021
Please see below for the diary of main tax events February/March 2021. 01/02 Corporation tax payment for year to 30/4/20 (unless quarterly instalmen...
Possible changes to capital taxes
Possible changes to capital taxes: The Office of Tax Simplification (OTS) have been asked by the Treasury to review both Inheritance Tax (IHT) and Cap...
Is pension tax relief under the spotlight?
Is pension tax relief under the spotlight? One area where the Chancellor could raise a substantial amount of tax would be to restrict higher rate tax ...
Rishi Sunak’s Budget day is 3 March 2021
There has been a lot of speculation on what will be in Rishi Sunak’s second Budget in early March and whether there is any tax planning that you sho...