New guidance will help homeowners understand the implications of capital gains tax (CGT) when selling UK residential property, it has been revealed.
Five reasons to set up a Personal Tax Account
Taxpayers are being urged to set up personal accounts to monitor their affairs.
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.
End of the Stamp Duty Land Tax holiday – What happens next?
By Neil Driver, Director at Davis Grant At this point in time, it is looking likely that the Stamp Duty Land Tax (SDLT) holiday will end on 31 March as originally intended, despite calls from many in the property sector to extend this support.
Working parents struck by Covid-19 will be allowed to continue claiming Tax-Free Childcare, HMRC confirms
Working parents who fall under the income threshold to claim Tax-Free Childcare as a result of Covid-19 will be allowed to continue receiving relief, it has been announced.
HMRC receives almost 55,000 tax relief claims for working from home
HM Revenue & Customs (HMRC) has received 54,800 tax relief claims from individuals for working from home using a new online portal.
How to Pay your Self-Assessment Tax Bill
We recommend you make payments as soon as you can, the dates below are deadlines. You maybe required to make two advance payments ‘on account’ as a way of spreading your tax bill.
Self-assessment matters
Don’t leave it until the last minute. With a matter of weeks left until the 31 January deadline for online returns, self-assessment is very much on our minds.