The UK Government is set to assess whether to introduce an Online Sales Tax (OST) as a solution to the tax imbalance in the retail sector. Read more
How would an Online Sales Tax affect your business?
Tax
Are you prepared for payroll changes this April?
Employers have been urged to prepare for changes to automatic enrolment, the minimum wage, and taxes this April.
HMRC to close helplines one day a week to clear backlog
VAT and Corporation Tax helplines at HM Revenue & Customs (HMRC) will close for one day a week to help clear the backlog built up during the COVID-19 pandemic. Read more
The Trust Registration Service is expanding – What you need to know
By 1 September 2022, a significant majority of trusts in the UK need to be signed up for and ready to use HM Revenue & Customs’ (HMRC) Trust Registration Service (TRS), including non-taxable trusts.
Nearly 100,000 taxpayers spread cost of tax bill into manageable monthly instalments, HMRC reveals
Nearly 100,000 taxpayers used HM Revenue & Customs’ (HMRC) Time to Pay self-serve facility to spread the cost of their 2020/21 tax bill, it has been revealed.
Making Tax Digital for VAT – What you need to know
The next few years will see several significant changes to taxation, including, more immediately, the further expansion of Making Tax Digital (MTD) for VAT in April this year.
Marriage allowance and how you can save on your tax bill
The Beatles sang about All You Need is Love, but in a week that includes Valentine’s Day, that love could come in the form of tax relief through Marriage Allowance.
Cryptocurrency and working out your tax liabilities
Cryptocurrencies are proving volatile at the moment with values tanking and then picking up again as the market fluctuates.
HMRC scam calls have decreased by 97 per cent
Scammers posing as HM Revenues and Customs (HMRC) were rife in March 2021, with a staggering 79,477 calls reported. Read more
New rules to end second home tax loophole
Multiple homeowners who leave “holiday lets” empty will no longer be able to claim tax benefits, it has been announced.