HM Revenue & Customs (HMRC) has reminded parents that they may be eligible for Tax-Free Childcare ahead of the new academic year. The tax authority said thousands of families may be missing out on thousands of pounds in tax relief every year. If you are a working parent, here’s what you need to know. What […]
Tax-related scams double during coronavirus pandemic, figures reveal
Tax-related scams have almost doubled in the past 12 months, HM Revenue & Customs (HMRC) has revealed. The tax authority said the coronavirus pandemic has created a perfect environment for criminals to operate in. According to the most recent figures available, HMRC received more than one million referrals from the public about “suspicious contact” in […]
HMRC helpsheet to support residential property sellers with new CGT rules
New guidance will help homeowners understand the implications of capital gains tax (CGT) when selling UK residential property, it has been revealed.
OTS to consider “benefits and implications” of moving tax year end date
The Office for Tax Simplification (OTS) will explore whether there is a case for moving the UK’s tax year end date. Announcing the review, the office, which provides independent advice to HM Revenue & Customs (HMRC), suggests that aligning the tax year end with the financial year end could reduce financial and administrative burdens for […]
Five reasons to set up a Personal Tax Account
Taxpayers are being urged to set up personal accounts to monitor their affairs.
Could the current tax payment timings change?
Millions of taxpayers in the UK could face earlier tax payments as part of the Government’s 10-year strategy to build a “trusted, modern tax administration system”.
Increasing number of taxpayers targeted with threatening tax scams, HMRC warns
Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned.
Year-end tax planning – what could you benefit from?
Businesses and individuals have just over a month before the tax year ends on 5 April 2021. Therefore, it is essential to utilise all the tax reliefs and allowances available to minimise your tax liabilities before this date.
New finance through Homes England lending fund offered to property developers
Like many other sectors, the property industry is struggling to access finance due to the economic impact of COVID-19.