Insights

HMRC has announced that self-assessment taxpayers will not be charged the initial 5% late payment penalty provided they either pay their tax…

Ask almost anyone the name of the Chancellor of the Exchequer a few years ago and many people could not have answered.…

The current tax year (2020-21) will end on 5 April 2021 and we are all expecting tax increases shortly to help recover…

Rishi Sunak will be delivering his spring budget on 3 March 2021, and likely tax announcements are becoming hotly anticipated. As reported…

The stamp duty holiday certainly had the desired effect and has helped create a mini property boom at a time when the…

HMRC have just announced that due to the COVID-19 pandemic, any self-assessment taxpayers who cannot file their tax return by the 31st…

More than 12 million people will be submitting their 2019/20 self-assessment tax return online by 31 January 2021. This includes the self-employed,…

In recent weeks we have received a number of queries about capital gains tax due when a property is sold. These enquiries…

As a result of the COVID-19 pandemic, your company’s business may be running at a loss or facing reduced profit levels this…

If you have a rental property, it is important to report the rental profits to HMRC on a self-assessment tax return. HMRC…

In his Winter Economy Plan, Rishi Sunak announced some new, enhanced payment arrangements for people who are paying income and capital gains…

This summer’s staycation boom, the prospect of Brexit and the temporary reduction in stamp duty rates have left many people thinking about…

Although there have been a number of schemes available to support taxpayers through the Covid-19 pandemic, some have been more generous than…

It has been widely reported that the chancellor has asked The Office of Tax Simplification (OTS) to investigate whether capital gains tax…

Rishi Sunak has dropped some heavy hints that taxes will be increasing to cover the cost of the financial support provided by…