The latest tax tips and news affecting our clients, plus access to our complete archive of tax tips and news. MTD for VAT changes include mandatory requirements for all VAT-registered businesses to file VAT returns digitally through MTD, regardless of turnover. HMRC has waived late filing and late payment penalties for self-assessment taxpayers by one month, effectively delaying the Self-assessment filing deadline to 28 February 2022. Covid-19 grant payments must be declared on the 20/21 tax return & HMRC is reminding SA customers about the same during this tax return season. Residence Nil Rate Band (RNRB) was introduced in 2017 with the aim of protecting the family home from IHT. Learn all about it! Full customs controls will be introduced from 1 January 2022 and HMRC have contacted traders reminding them to prepare accordingly. Digital Tax on Crypto Exchanges has been confirmed by HMRC in their latest update as cryptocurrencies such as Bitcoin are not commodities or money.
Making Tax Digital (MTD) for VAT Changes from April 2022
Published on 15/01/2022
Self-assessment Filing Deadline has been Extended by a Month (28 February 2022)
Published on 08/01/2022
Covid-19 Grant Payments – What Do You Need to Declare on Tax Return?
Published on 24/12/2021
Residence Nil Rate Band (RNRB) – How Does it Work?
Published on 18/12/2021
Full Customs Controls – Get Ready for Changes from 1 January 2022
Published on 11/12/2021
2% Digital Tax on UK-based Crypto Exchanges Has Been Confirmed
Published on 04/12/2021