The taxman has confirmed that its new penalty points system for late taxpayers will come into effect for the new tax year in April 2022.
It may seem a difficult and delicate task at a time of grief, but if you are dealing with the tax affairs of a deceased person, you may have to fill in a tax return on their behalf.
Tax-relief schemes may help start-ups and established businesses attract outside investment when traditional investment is not viable, a major regulator has said.
Hundreds of thousands of employees, who have been working from home during the pandemic, have put in tax relief claims that could amount to a saving of around £125 a year.
Changes to Corporation Tax announced in the March Budget were described by the Government as a “fair way to deliver more sustainable public finances” while protecting the UK’s competitive position.
The reduced rate of stamp duty land tax will be replaced by a new transitional rate from 01 July 2021 as planned, the Government has confirmed.
The UK’s new independent tariff suspension scheme will help domestic manufacturing companies become “more competitive”, experts have said.
A new residential property tax could be levied on developers in the wake of the Grenfell Tower tragedy, it has been revealed.
The Covid pandemic may have had one unintended benefit, making people think about their health and the impact on the environment.
The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees.