440,000 tax credit claimants still to renew their claims
HMRC is reminding tax credit claimants that they have until 31 July 2021 to renew their claims. According to HMRC, 440,000 claimants have yet to renew their claims. More than…
Tax
Over 280,000 families now using Tax-Free Childcare
More than 282,000 working families used a Tax-Free Childcare (TFC) account during March 2021, according to figures from HMRC. HMRC stated that it is the highest recorded number of families…
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…
Fifth SEISS grant will be open to claims from late July
HMRC has confirmed that the fifth Self-employment Income Support Scheme (SEISS) grant covering the period May 2021 to September 2021 will open to claims from late July. To be eligible…
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 June 2021. The guidance states: ‘You can use the previous rates for up to one month…
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…
Effectiveness of OTS set to be reviewed by Treasury
The Treasury has launched a review into the effectiveness of the Office of Tax Simplification (OTS), the independent body responsible for helping to make the UK tax system simpler and…
Government confirms start date for Plastic Packaging Tax
The UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022. The PPT will be charged at a rate of £200 per…
HMRC publishes details of final grants for self-employed
HMRC has published details of the eligibility criteria of the final two grants available under the coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS). At the 2021 Budget it was confirmed…
HMRC urged to rethink quarterly reports under MTD for corporation tax
The Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to rethink the requirement for companies to report quarterly under Making Tax Digital for corporation tax (MTD…
End of content
End of content
Our Terms
Follow Us
Subscribe
© 2022 Simpson Wood – Website by Paladin
