Government sets out tax details on TAM Day
The UK government marked the inaugural Tax Administration and Maintenance (TAM) Day with the publication of 30 papers covering a wide range of tax issues. Chancellor Rishi Sunak made the…
IFS predicts millions to be worse off next year due to tax rises
The Institute for Fiscal Studies (IFS) has predicted that millions of people will be worse off in 2022 as a result of spiralling costs and tax rises. Responding to the…
Payment period on residential CGT is doubled
The government has doubled the period for filing and payment of capital gains tax (CGT) on residential property from 30 days to 60 days. The measure was announced by Chancellor…
Electric Vehicles – Charging towards the future
You may have noticed that there are an increasing number of electric vehicles on the road and the chances are you will start to see more of them in the…
Don’t forget your 31 July Payment on Account!
Don’t forget your 31 July Payment on Account! If you are required to make payments on account towards your 2020/21 tax liability, the second payment on account is due…
Property tax changes
From 1 July 2021 there are changes to the Stamp Duty Land Tax (SDLT) and Land Transaction Tax (LTT) bands for residential property. SDLT is payable by the purchaser in…
Forms P11D – reporting employee benefits
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2021, are due for submission to HMRC by…
HMRC Personal Tax Account and your State Pension
There are many benefits to setting up your Personal Tax Account (PTA) and in particular, the ability to check your State Pension position. You can set up your PTA using…
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