UK cuts electric vehicle grants by £500
The government has cut the Plug-in Car Grant and Van & Truck Grant by £500 and lowered the pricing cap on qualifying electric vehicles. The Department for Transport will now…
Tax
Government publishes details of Finance Bill 2021
The details of the Finance Bill 2021 have been published by the government. The Bill outlines the key measures set to be brought into legislation, including many measures announced in…
Consultations launched on UK’s first Tax Day
The government has published over 30 updates, consultations and documents on the UK’s first ever Tax Day. The announcements, which would traditionally be published at Budget, have been released later…
Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 March 2021. The guidance states: ‘You can use the previous rates for up to one month…
Spring Budget 2021 Highlights
The Chancellor Rishi Sunak preseted his 2021 Spring Budget on Wednesday 3 March 2021. Announcing a focus on recovery from Coronavirus and protection of jobs the main announcements were: Covid…
LITRG calls for a rise in the High Income Child Benefit Charge threshold
The Low Incomes Tax Reform Group (LITRG) has urged the government to raise the High Income Child Benefit Charge (HICBC) threshold to avoid it affecting basic-rate taxpayers for the first time…
Scottish Land and Buildings Transaction Tax
As part of the Scottish Budget, Finance Secretary Kate Forbes also announced changes to Land and Buildings Transaction Tax (LBTT) which apply from 1 April 2021. The Scottish Government’s stated…
Scottish Budget Income Tax
Finance Secretary Kate Forbes delivered the 2021/22 Scottish Draft Budget on Thursday 28 January 2021, setting out the Scottish Government’s financial and tax plans. The Government has devolved powers to…
10.7 million submit 2019/20 Tax Returns
HMRC has revealed that more than 10.7 million taxpayers submitted their 2019/20 Self Assessment tax returns by the 31 January deadline. The remaining 1.8 million whose tax return is now…
Check if you can claim a grant through the SEIS Scheme
HMRC is advising the self employed that the Self-Employment Income Support Scheme (SEISS) has been extended. Taxpayers who were not eligible for the first and second grant will not be eligible for…
End of content
End of content
Our Terms
Follow Us
Subscribe
© 2022 Simpson Wood – Website by Paladin
