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More has been disclosed or leaked, of the 2021 Budget announcements than in previous years. But we now have the details and there is a lot to consider. The following 2021 Budget summary is split... read more
If you cannot pay your tax bill then you can set up a tax payment plan with HMRC if you owe Self Assessment tax. If your bill is less than £30,000 you may be able to... read more
Tax Return Deadline Extended
With days left before 31 January, HMRC’s chief executive Jim Harra has finally conceded that HMRC will extend the tax return deadline and will not charge late filing penalties for online tax... read more
HMRC have responded to a letter from all the main accounting bodies to extend the January 31st tax return deadline this year and remove tax return penalties. HMRC’s chief executive Jim Harra said to do... read more
Is the annual exemption lost in 2020?
Most businesses take advantages of the statutory £150 exemption per staff member for running a Staff Christmas party without there being any tax implications (though they may not realise... read more
Readers with children at university should pass on this message as students starting university this year are being warned by HMRC that they could be targeted by a fresh wave of student tax scams.As new... read more
The Chancellor, Rishi Sunak, yesterday delivered a statement to the House of Commons outlining plans for a winter economy plan to help protect jobs across the UK whilst the country faces a resurgence of coronavirus... read more
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