Self-assessment Filing Deadline for 2021 has been Extended by a Month (28 February 2022)

Self-assessment Filing Deadline has been Extended by a Month (28 February 2022)

Published on 08/01/2022

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.

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Covid-19 Grant Payments - What Do You Need to Declare on Tax Return?

Covid-19 Grant Payments – What Do You Need to Declare on Tax Return?

Published on 24/12/2021

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.

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Residence Nil Rate Band (RNRB) - How Does it Work?

Residence Nil Rate Band (RNRB) – How Does it Work?

Published on 18/12/2021

Residence Nil Rate Band (RNRB) was introduced in 2017 with the aim of protecting the family home from IHT. Learn all about it!

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2% Digital Tax on UK-based Crypto Exchanges

2% Digital Tax on UK-based Crypto Exchanges Has Been Confirmed

Published on 04/12/2021

Digital Tax on Crypto Exchanges has been confirmed by HMRC in their latest update as cryptocurrencies such as Bitcoin are not commodities or money.

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State Pension increase

State Pension Increase: How Much Will Pensions Rise in 2022

Published on 27/11/2021

In April 2022, the state pension amount will increase by 3.1% for the tax year 2022/23. Click through to learn all the details.

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Staff Christmas Party Tax Rules: Are Christmas Party Expenses Tax Deductible?

Staff Christmas Party Tax Rules: Are Christmas Party Expenses Tax Deductible?

Published on 20/11/2021

As an employer providing staff Christmas party for your employees, you have certain National Insurance & reporting obligations. Read all the details here!

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New tax year basis from 6 April 2024

Basis Period Reform – What Are the New Rules?

Published on 13/11/2021

The overall objective of the basis period reform proposal is to simplify the taxation of trading profits. Click through to learn about the new rules!

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Letter From HMRC About Cryptocurrency

Letter From HMRC About Cryptocurrency – What Should I Do?

Published on 06/11/2021

Read this article for the most frequently asked questions about cryptocurrency and what should you do if you receive a letter from HMRC about it!

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Autumn Budget 2021

Autumn Budget 2021: Key Points at a Glance

Published on 30/10/2021

Autumn Budget 2021 was presented to the parliament on 27 October 2021 and here are the key points from Chancellor Rishi Sunak’s budget speech.

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Dividend Tax Increase from April 2022 Across All Tax Bands

Dividend Tax Increase from April 2022 Across All Tax Bands

Published on 23/10/2021

The 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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