COVID-19: Time is running out to make November furlough claims

02 Dec 2020

Businesses have just days left to make a claim for staff furloughed in November, with the deadline ending on 14‌‌‌ ‌‌December 2020.

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Advisory Fuel Rates: updates from 1 December 2020

30 Nov 2020

HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to one month from the date of the new rates. 

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Self-employed profits must be “significantly reduced” to claim third SEISS grant, says HMRC

26 Nov 2020

Self-employed workers’ profits must be “significantly reduced” in order to claim the third instalment of the Self-Employment Income Support Scheme (SEISS), it has been revealed.

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Key Capital Gains Tax changes for Self-Assessment taxpayers to be aware of

25 Nov 2020

HM Revenue & Customs (HMRC) is reminding self-assessment taxpayers of key Capital Gains Tax (CGT) changes that they need to be aware of before 31 January 2021.

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HMRC to investigate Eat Out to Help Out scheme claimants

19 Nov 2020

Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure that money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced.

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Temporary Annual Investment Allowance extended to January 2022

12 Nov 2020

The temporary Annual Investment Allowance (AIA) will be extended until 01 January 2022 to “stimulate investment in UK manufacturing”, it has been announced.

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HMRC urges businesses to act ahead of end of transition period to “avoid disruption”

05 Nov 2020

HM Revenue & Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to “act now” ahead of the end of the Brexit transition period.

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HMRC receives almost 55,000 tax relief claims for working from home

14 Oct 2020

HM Revenue & Customs (HMRC) has received 54,800 tax relief claims from individuals for working from home using a new online portal.

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Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed

06 Oct 2020

From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs (HMRC) adviser first.

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Business groups call for digital tools tax relief

16 Sep 2020

Leading business groups have urged the Government to introduce digital tools tax relief to support small and medium-sized enterprises (SMEs).

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