The latest monthly statistical update from the Insolvency Service has revealed that the number of company insolvencies in August was up 71 per cent compared to the same month in 2020.
A new scheme will help tourism and hospitality businesses reopen “with confidence”, the Government has announced.
Inheritance Tax legislation is notoriously hard to navigate, but you can maximise the amount you can pass on to your family.
New Advisory Fuel Rates (AFRs) have come into effect from the beginning of September 2021, which apply to employees who use a company car.
The Government has established a new Taxpayer Protection Taskforce, whose aim is to tackle fraud from the various COVID-19 support schemes. The new taskforce will be supported by a £100 million investment and manned by more than 1,250 HMRC employees,
Taxpayers across the UK have begun to receive nudge letters from HM Revenue & Customs (HMRC) asking them to ensure that their personal tax affairs are up to date and have been correctly disclosed. The majority of these letters have
Within the new Finance Act, the Government has laid out new powers for HM Revenue & Customs (HMRC) to crack down on the promoters of tax avoidance schemes. The measures in the 2021/22 Act are aimed at the worst offenders,
Since April 2020, the date on which Capital Gains Tax (CGT) must be paid on gains arising on the sale of UK residential property has changed. Taxpayers now have only 30 days from completion to file a CGT return and
All unincorporated businesses, including sole traders and the self-employed, will be taxed on profits generated in the 12 months to 5 April each year from 2022-23, under plans set out in a new Government consultation. Currently, unincorporated businesses are taxed
According to HM Revenue & Customs (HMRC), the super-deduction will give companies a strong incentive to make additional investments and bring planned investments forward as the nation looks to recover from the impact of COVID-19. Announced with much fanfare in