Tax News

More than 50,000 people claim working from home tax relief through HM Revenue & Customs online portal


HM Revenue & Customs (HMRC) has received more than 50,000 claims for tax relief for working from home since opening ...

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HMRC warns taxpayers still aren’t ready for Making Tax Digital


The Director of Making Tax Digital (MTD) at HM Revenue & Customs (HMRC) has warned that “not all taxpayers are ...

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Homebuyers need to start purchases this month to take advantage of Stamp Duty savings


Thousands of people across the UK have purchased new homes to take advantage of the Government’s Stamp Duty Land Tax ...

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Daily penalties waived for Self-Assessment late filing


HM Revenue & Customs (HMRC) has confirmed that it will not charge the usual daily penalties for late filing of ...

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HMRC claws back £274million in underpaid Inheritance Tax


Investigations into unpaid Inheritance Tax IHT) has resulted in HM Revenue & Customs (HMRC) claiming £274million from estates in the ...

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Annual Investment Allowance – Time is running out


Since 1 January 2019, the Annual Investment Allowance (AIA) for capital allowances has been £1 million – helping businesses to ...

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Accounting for mobile phone use


During the last few months, to assist workers with working from home, many businesses have supplied a work mobile phone, ...

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Time to prepare (once again) for the VAT reverse charge


In just a few months, more than 150,000 businesses connected to the construction industry will have to make a fundamental ...

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Landmark IHT ruling provides greater certainty for pension transfers


A long-running court battle to decide Inheritance Tax (IHT) liability on a pension transfer has provided some clarity after a ...

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