Blog
Basis period reform & MTD for income tax
Should basis period reforms get the green light, it will impact on LLPs, partnerships, and GP practices who don’t operate to year-ends of 31 March or 5 April.
Construction industry scheme: 4 changes
A brief overview of the construction industry scheme (CIS), including how to register, four new changes for 2021/22, and penalties for non-compliance.
Super-deduction: a capital allowances incentive
From 1 April 2021 to 31 March 2023, UK companies can invest in new qualifying plant and machinery assets and reduce their corporation tax bills.
Changes to 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.
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 completion.
Employee benefits-in-kind during COVID
How have BIKs changed in response to the coronavirus pandemic, how are they taxed and how do you report them in the most challenging of years?