Tax News

Advisory Fuel Rates for next quarter come into effect


A new set of Advisory Fuel Rates for the next financial quarter are now in effect as of 1 September ...

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The first Child Trust Funds (CTFs) can now be claimed


The first Child Trust Funds (CTFs) are set to mature in September allowing those turning 18 to access their fund ...

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Number of people liable for IHT drops for first time in a decade


Inheritance tax (IHT) receipts have fallen for the first time in more than 10 years, according to the latest figures ...

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HM Revenue & Customs sets out Making Tax Digital plans for VAT and Income Tax


HM Revenue & Customs (HMRC) has set out its plans for the future of the Making Tax Digital (MTD) programme, ...

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Reminder: VAT payment deferral period has ended


The financial support offered by the Government through the VAT payment deferral scheme has come to an end. This period, ...

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Government confirms Coronavirus tax concessions in amended Finance Bill


The Finance Bill 2020 has now reached the report stage in Parliament. In response to the impact that COVID-19 has ...

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Research finds lack of knowledge, information and skills are key barriers to Making Tax Digital compliance


A report commissioned by HM Revenue & Customs (HMRC) to find out why 16 per cent of businesses have failed ...

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£84 billion of R&D tax credits unclaimed – Could you be eligible for a share of this funding?


Innovative businesses, both large and small, are hungry for funding to assist them as they emerge from lockdown and begin ...

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Accessing the latest COVID-19 stimulus


The Government has pledged more than £330 billion overnight to help businesses struggling with the economic impact of the ongoing ...

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