5% penalty for late payment of tax waived until April 2021
Did you know that you will be liable to a 5% penalty in addition to interest charges if your tax is paid more than 30 days late?
Coronavirus businesses and individual support from the UK government
The COVID-19 pandemic is affecting billions of people and businesses around the world on an unprecedented scale. Over the past few weeks, the Government has announced a series of support packages for businesses and workers who have had their income and daily lives...Trust registration changes are coming
New rules are coming into effect in 2020 meaning that all express trusts will need to be registered, whether or not they are liable to UK tax.
Brexit: What happens now the UK has left the EU?
HMRC has confirmed that the current rules on trade, travel, and business will continue to apply until the end of the Brexit transition period on 1 January 2021.
HMRC shares bizarre excuses and expense claims on tax returns
Vengeful witches and pet hamsters feature in HMRC’s list of weirdest unsuccessful excuses and expenses claims from the last decade. The list includes one taxpayer who claimed their mother-in-law was a witch who had cursed them, hamsters and dogs that had eaten...Budget 2020: predictions on Rishi Sunak’s tax announcements
What will the Chancellor announce in the Budget 2020? We have put together some key tax areas Rishi Sunak may focus on.
