MPs open inquiry into £155 billion of tax reliefs
The Public Accounts Committee (PAC) has opened an inquiry into the UK’s management of £155 billion of tax relief. The inquiry follows the February publication of a National Audit Office…
Tax
HMRC extends late reporting deadline for CGT
HMRC has confirmed it will not charge penalties for the late reporting of capital gains tax (CGT) on disposals of UK residential property by UK residents made by 31 July…
Changes to Coronavirus Support Measures
On Friday the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme. Whilst not all details have…
Coronavirus Guide
We have summarised all the advice and measures we are aware up to 6 May 2020 in this complete guide. We hope you will find it useful. Covid Guide
Covid-19 Measures for Business
We have pulled together a round-up of the key Coronavirus announcements so far for businesses including useful links to government sites. Statutory sick pay (SSP) Businesses with fewer than 250…
Review of the Disguised Remuneration Loan Charge
The government has announced it will make a number of changes to the loan charge rules, in response to Sir Amyas Morse’s independent review of the loan charge policy and…
Chancellor commits to review of IR35
The Chancellor of the Exchequer, Sajid Javid has announced that the major review of all aspects of self-employment, promised in the Conservatives’ manifesto, will include the proposed extension of the…
Guidance on Structures and Buildings Allowance
The latest HMRC Agent Update includes guidance on the Structures and Buildings Allowance (SBA). This capital allowance is designed to provide tax relief for businesses and to support investment in…
Welsh government publishes Draft Budget
The Welsh government has published its Draft Budget, setting out revenue raising and capital spending plans for 2020/21. The Draft Budget confirms no changes are proposed to Welsh income tax…
Current list of deliberate tax defaulters
HMRC publishes details of deliberate tax defaulters, those people who have received penalties either for: • deliberate errors in their tax returns or • deliberately failing to comply with their tax…
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