Tax News

HM Revenue & Customs increases the threshold for Self-Assessment online payment plan service to £30,000


HM Revenue & Customs (HMRC) has increased the threshold for Self-Assessment taxpayers to use its online self-service Time to Pay ...

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Independent commission argues against annual wealth tax but advocates a one-off charge


An independent commission established last spring by the London School of Economics, the University of Warwick and the Economic and ...

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VAT – Post-Brexit arrangements


The latest guidance on VAT on imports and services to and from the EU is complex and businesses need to ...

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


Two studies have revealed that many UK grandparents are reconsidering their plans following the Coronavirus pandemic, which may mean that ...

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Scammers are targeting Self-Assessment taxpayers, says HMRC


HM Revenue & Customs (HMRC) is calling on Self-Assessment taxpayers to keep a look out for scammers posing as the ...

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HMRC publishes consultation on MTD for Corporation Tax


A new consultation has been published by HM Revenue & Customs (HMRC) which explores how the core principles of Making ...

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Virtual Christmas parties eligible for £150 annual function exemption


HM Revenue & Customs (HMRC) has confirmed that virtual Christmas parties will be eligible for the £150 annual function exemption ...

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Over-50s rethink inheritance plans to support family through Covid uncertainty


A significant number of over-50s have changed their inheritance plans to support loved ones through the coronavirus pandemic, a major ...

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IFS predicts tax rises of more than £40 billion a year by the middle of the decade


The Institute for Fiscal Studies (IFS) has predicted that taxes will need to rise by more than £40 billion a ...

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