Tax
Self-assessment Filing Deadline has been Extended by a Month (28 February 2022)
Published on 08/01/2022HMRC 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.
Read MoreCovid-19 Grant Payments – What Do You Need to Declare on Tax Return?
Published on 24/12/2021Covid-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.
Read MoreResidence Nil Rate Band (RNRB) – How Does it Work?
Published on 18/12/2021Residence Nil Rate Band (RNRB) was introduced in 2017 with the aim of protecting the family home from IHT. Learn all about it!
Read More2% Digital Tax on UK-based Crypto Exchanges Has Been Confirmed
Published on 04/12/2021Digital Tax on Crypto Exchanges has been confirmed by HMRC in their latest update as cryptocurrencies such as Bitcoin are not commodities or money.
Read MoreState Pension Increase: How Much Will Pensions Rise in 2022
Published on 27/11/2021In April 2022, the state pension amount will increase by 3.1% for the tax year 2022/23. Click through to learn all the details.
Read MoreStaff Christmas Party Tax Rules: Are Christmas Party Expenses Tax Deductible?
Published on 20/11/2021As an employer providing staff Christmas party for your employees, you have certain National Insurance & reporting obligations. Read all the details here!
Read MoreBasis Period Reform – What Are the New Rules?
Published on 13/11/2021The overall objective of the basis period reform proposal is to simplify the taxation of trading profits. Click through to learn about the new rules!
Read MoreLetter From HMRC About Cryptocurrency – What Should I Do?
Published on 06/11/2021Read this article for the most frequently asked questions about cryptocurrency and what should you do if you receive a letter from HMRC about it!
Read MoreAutumn Budget 2021: Key Points at a Glance
Published on 30/10/2021Autumn Budget 2021 was presented to the parliament on 27 October 2021 and here are the key points from Chancellor Rishi Sunak’s budget speech.
Read MoreDividend Tax Increase from April 2022 Across All Tax Bands
Published on 23/10/2021The 1.25% Dividend tax increase applies to all business owners and investors and is being brought in to help support the NHS and social care.
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