Category: Tax advisory

Self Assessment: thousands spread tax liabilities in response to coronavirus disruption


Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed.

HMRC warns of tax scams ahead of Self Assessment deadline


HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline.

COVID-19: enhanced payment plans for Self-Assessment individuals


To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers – increasing the threshold from £10,000…

The most common Self Assessment errors, according to HMRC


With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around.

Grandparents set to increase gifting following pandemic and families set to inherit more than expected


A pair of studies have revealed that UK grandparents are reconsidering their plans following the Coronavirus pandemic, which may mean that many families are set to inherit more than they expected to. A survey of…

Property: House prices reduce in October before a spike in November as market hots up ahead of stamp duty holiday deadline


House prices reduced from record highs in October, before a 1.2 per cent increase in November as people look to complete property transactions before the end of the stamp duty holiday in March 2021, according…

HMRC may waive penalties on late corporation tax returns caused by Covid-19 disruption, ICAEW reveals


HM Revenue & Customs (HMRC) may waive penalties for businesses who file late corporation tax returns as a result of Covid-19 disruption, it has been revealed.

Advisory Fuel Rates: updates from 1 December 2020


HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the…

Self-employed profits must be “significantly reduced” to claim third SEISS grant, says HMRC


Self-employed workers’ profits must be “significantly reduced” in order to claim the third instalment of the Self-Employment Income Support Scheme (SEISS), it has been revealed.