Tax Matters

MTD for ITSA

The government has now delayed the implementation of Making Tax Digital for Income Tax Self-Assessment (known as ‘MTD for ITSA’) until 6 April 2024

Trusts & Estates: Tax Update – 60-day CGT Reporting Requirements & Pitfalls to Avoid

You may have seen the welcome news that the reporting time limit for reports of gains on residential property has been extended from 30 days to 60 days.

HMRC Penalty changes

HMRC have announced that they will be introducing two new penalty regimes to encourage taxpayers to both file their returns and to pay their tax liability at the right time.

Employment Status and off payroll working

new “off payroll” working rules came into force from 6 April 2021 and we are already seeing the impact on this as many companies address these new rules

Update: Research and Development Tax Credit Relief - 1 April 2021

Research and Development Tax Credit Relief changes announced for implementation 1 April 2021 could impact your business be aware of these changes especially if you have claimed previously and will again in future.

November 11 Updated Furlough Guidance

HMRC updated their detailed guidance with details of how to make furlough claims after 1 November 2020

5 November Announcements

No real fireworks, but not a damp squib either, there were a raft of new announcements today.