Fresh penalties are hitting buy-to-let landlords and second homeowners in Wales in the pocket
Landlords are overlooking a new rule requiring capital gains tax on UK residential property to be reported and paid to HMRC within 30 days.
R&D Tax Relief: This Vital Cash Support Can Boost Valuable Innovation in a Pandemic Economy
These schemes can be an important source of cash to help businesses invest in innovation and growth.
VAT deferral – apply online by 21 June 2021
The VAT deferral new payment scheme is open for all businesses who deferred paying VAT due between 20 March 2020 and 30 June 2020 and were unable to pay in full by 31 March 2021. If you apply to spread your payments for deferred VAT from 20 March 2020 to 30th June...
Self-Employment Income Support Scheme (SEISS) update
SEISS fourth grant Claims for the fourth grant have now closed. The last date for making a claim was 1 June 2021. SEISS fifth grant A fifth grant covering May 2021 to September 2021 will be open to claims from late July 2021. The grant is taxable and will be paid out...
Recovery of VAT on Electric car charging
The government are committed to encouraging more and more people to drive electric cars and have reduced or eliminated the income tax benefits of providing electric company cars or charging points for employees. Since 6 April 2019 there has been no taxable benefit for...
Self-Employment Income Support Scheme (SEISS) Update
If you are eligible based on your tax returns, HMRC will contact you in mid-April to give you a date that you can make your claim from.