Please see below for the diary of main tax events November/December 2020. As always, if you need help to reach these deadlines...
Green Homes Grant: make energy improvements to your home
The government will provide a voucher up to £5,000 that covers up to two-thirds of the cost of energy efficiency and low carbon heat improvements to ...
Changes to Capital Gains Tax
If you sold your property after 6 April 2020 you must report and pay Capital Gains Tax within 30 days of selling property in the UK. You may have to p...
Bring your tax affairs up to date
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...