Have you recently sold a residential property in the UK? If so, it is important you understand new tax rules, which might mean you need to report and pay Capital Gains Tax within 30 days. Over recent weeks COVID-19 has dominated the headlines and any new tax developments have […]
Tag Archives: HMRC
14
Jul
Jul
Is your company expecting to make a loss as a result of the global pandemic? If so, you may be interested to learn that HMRC has recently updated its guidance relating to repayment of corporation tax based on anticipated losses. Tax repayments are possible where surplus losses made […]
Blog, Business, Tax
HMRC impose compliance and enforcement powers for false Coronavirus Job Retention Scheme claims
13
Jul
Jul
The most basic conditions of the Coronavirus Job Retention Scheme (CJRS) is that your business is / will be adversely affected by Covid-19 and that employees on furlough are not allowed to do any work whilst on furlough. A “snitch line” for false furlough claims has already seen thousands of […]
10
Jul
Jul
If home is where the heart is, homeowners are consistently at the heart of any Budget and last week’s Summer Statement proved no exception. Prior to the Chancellor Rishi Sunak’s announcement last week there were whispers of a Stamp Duty Land Tax (SDLT) slash to be introduced from Autumn […]
08
Jul
Jul
Discussing the continuing effects of Covid-19 on the economy Rishi Sunak’s Summer Economic Statement covers several important issues, which are explained in more detail below. COVID-19 has been rife with uncertainty and financial instability for many, and H M Treasury made it clear what it believed the focus of the […]
25
Jun
Jun
Many of our clients are receiving Self Assessment Statements advising them that the payment due on 31 July 2020 does not have to be made by the due date. As a COVID-19 measure, H M Revenue & Customs announced that they will not charge interest and penalties on non-payment of […]
26
Mar
Mar
If you and your employer both agree, your employer might be able to keep you on the payroll if they’re unable to operate or have no work for you to do because of coronavirus (COVID19). This is known as being ‘on furlough’. Please download the latest guidance for both employers […]
21
Mar
Mar
This week has been unprecedented in terms of daily updates of government support to businesses and individuals in the current climate. Literally things are changing on a daily basis. We are doing our very best to keep you updated and therefore please see below our latest updated summary where we […]
10
Mar
Mar
Employment Allowance was introduced in April 2014, to support businesses and charities by cutting the cost of employment. Employment Allowance was however introduced the day after Statutory Sick Pay recovery was abolished. The £2,000 annual allowance was increased to £3,000 from April 2016. Employment Allowance is claimed by eligible employers […]
05
Sep
Sep
In recent months HMRC has issued a flurry of Requirement to Correct (RTC) letters urging individuals to disclose their worldwide income and gains and ultimately aims to recover unpaid tax. But what do these letters mean? Our world is becoming ever smaller and interconnected. Whether it be a 10am Skype […]