HMRC will waive late filing and late payment penalties for self-assessment taxpayers as long as they file their 2020-21 return and pay any tax due by 28 February. This in...
Full customs controls came into force on 1 January 2022 which may affect clients that move goods between Great Britain and countries in the EU.These include:requirement for full...
The government will cover the cost of statutory sick pay for Covid-related absences for employers with fewer than 250 employees. The statutory sick pay rebate scheme was...
In its draft Budget for 2022-23, the Welsh government confirmed that the Welsh rate of income tax is to be kept at 10p. It also published a consultation on land transaction tax and...
HMRC is reviewing how VAT is claimed on the cost of charging electric vehicles.It is considering the evidence required to allow an employer to claim the related VAT when they...
Interest ratesThe HMRC late payment interest rate rose to 2.75% from 4 January 2022 for the main taxes and duties (it was previously 2.6%). The repayment interest rate remains at...
The government has not made the case for basis period reform either as a simplification or as an essential prerequisite for introducing making tax digital for income tax, says the...
HMRC is reminding taxpayers to declare any Covid-19 grant payments on their 2020-21 tax return.More than 2.7 million taxpayers claimed at least one self-employment income support...
No accelerated payment notices (APNs) were issued in 2020-21, according to information obtained by law firm RPC. This is the first year that none have been issued since the regime...
The Council of the EU has reached an agreement on a proposal to update the rules for VAT rates for goods and services. The proposal offers member states more flexibility and...
Many companies have decided to cancel Christmas parties due to the spread of Omnicron variant, but there are other ways that they can reward employees.Robert Salter, a client...