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Changes to UK VAT interest & penalties regimes
Changes to the penalty and interest regimes will apply to VAT returns for accounting periods beginning on or after 1 April 2022. Find out what you need to know and how we can help.
Get your 2020/21 tax returns in early
You don’t have to wait until on or before midnight on 31 January 2022 to file your 2020/21 tax return. If you have accurate records, get started today.
Private-sector IR35 reforms to finally go live
The off-payroll rules in the private sector are changing. From 6 April 2021, IR35 rules will extend to the private sector, affecting medium and large-sized organisations.
What income tax might you pay in 2021/22?
Some of the income tax rates and bands in Scotland for 2021/22 should rise 0.5% in line with the September 2020 CPI rate of inflation. What might you pay?
Reverse charge VAT in the construction sector
If you provide certain construction services and your business is VAT-registered, a big change in who accounts for VAT and who pays it is around the corner.
UK property & capital gains tax reporting rules
If you sell a second home or buy-to-let property and it attracts a gain, this needs to be reported and any capital gains tax paid within 30 days of the completion date or late-filing penalties apply.
Employee benefits-in-kind during COVID
How have benefits-in-kind changed in response to the coronavirus pandemic, how are they taxed and how do you report them in the most challenging of years?
Westminster expands coronavirus support
All you need to know about the furlough scheme and the third taxable grant available through the SEISS, rounding up Westminster’s improved support measures.
Reporting the SEISS & filing your tax return
Coronavirus grants claimed through the self-employed income support scheme do not need to be repaid, but they are taxable and your obligations start from 31 January 2021.
Making Tax Digital for income tax set for 2023
The Treasury has announced a new timetable for Making Tax Digital, extending the scheme to all VAT-registered businesses in 2022, and for income tax from 2023.