2018/19 tax returns can be amended by the taxpayer up until 31 January 2021. Where the omitted property income or gain relates to earlier tax years th...
CGT business asset disposal relief lifetime limit just £1 million
In the March 2021 Budget, it was announced that CGT Entrepreneurs’ relief (ER) was replaced by CGT Business Asset Disposal relief (BADR) for disposa...
Support for taxpayers: more time to pay tax
Those taxpayers who may have difficulty paying the tax due under self-assessment on 31 January 2021 can agree more time to pay with HMRC provided the ...
Renting Income – HMRC to open enquiries
You may have seen in the newspapers that Airbnb will share data with HMRC about the earnings of hosts (those who let out property) on its UK platform ...
Increased Self-Employed Support Announced
A further update again for those who are self-employed - the next self-employed income support grant will increase from 55% to 80% of average profi...
Self-Employment Income Support Scheme Grant Extension
Good news for the self-employed - the government announced yesterday it will increase support over the coming months with a Support Scheme Grant Exten...
Coronavirus Furlough Scheme Extended and Further Economic Support
The Coronavirus Job Retention Scheme has been extended for a month with employees receiving 80% of their current salary for hours not worked and furth...
Keeping your data secure when working remotely
With many of us now working remotely from home, making video conference calls, uploading documents and conducting business online, how can firms ensur...
Covid-19 update – Chancellor Increases Financial Support For Businesses
Today, the Chancellor has announced further support for businesses during this time. These include: - Open businesses which are experiencing c...