Tax News

New recommendations in sweeping CGT review


The second part of a sweeping review of Capital Gains Tax (CGT) has been published with 14 key recommendations. In ...

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Tax saving strategies for landlords


Putting together an efficient tax strategy should be a no-brainer for buy-to-let landlords seeking to maximise their income. It may ...

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JD Sports heir’s £1.8 million house ‘gift’ results in £300,000 tax bill for widow


The widow of a millionaire who died in his 20s, has been left with a six figure tax bill as ...

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HMRC unveils penalty regime for VAT deferral scheme


Companies that signed up to the VAT deferral scheme have been warned they face a five per cent penalty if ...

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Workers can continue to claim home working tax allowance in the new tax year


One unexpected bonus for staff forced to work from home because of the pandemic has been a £6 per week ...

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Reimbursed expenses – What you need to know


In most cases, expenses an employee incurs at work are paid for by their employer, but some, like travel and ...

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National Insurance relief launches for employers that hire veterans


Employers that hire veterans in their first employment after leaving the armed forces are now entitled to National Insurance (NI) ...

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Parents missing out on tax-free childcare bonus of up to £500


Parents are being encouraged to check whether they are missing out on a tax-free childcare bonus of £500. Families using ...

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Inheritance tax reporting to be simplified


Rules coming into effect from 1 January 2022 will mean that nine in 10 estates that are not subject to ...

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