You may have heard recently that HMRC have announced plans to reform Income Tax Basis Periods as part of the tax simplification process, alongside introducing Making Tax Digital for Income Tax Self-Assessment. The basis period reform is now in the process of being...
As we begin to see tentative steps taking us out of lockdown and consumer confidence begins to increase, many businesses are now considering whether they need to invest in their premises and other fixed assets to position themselves for the new normal, whatever that...
Deferred VAT Payments – New Payment Scheme If you deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full, on or before 31 March 2021 join the VAT deferral new payment scheme online service...
CAPITAL GAINS TAX PLANNING Tax changes to private residences for 2020/2021 From 6 April 2020, HMRC is proposing three significant changes which will potentially increase the capital gains tax paid on the disposal of any residential property by an individual. These...
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Tax Manager Scott Hallesy discusses current tax system with expert industry panel