ICAEW “questions” pension tax relief proposals

15 Oct 2020

The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over proposals to alter the level of tax relief on pensions contributions for low-earners, arguing that any changes could burden businesses.

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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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Time to Pay threshold increased to £30,000

02 Oct 2020

From this week, Self Assessment customers affected by Covid-19 can apply online to spread the cost of their tax bill into affordable monthly payments.

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HMRC: Making Tax Digital to be extended to all VAT-registered businesses from 2022

06 Aug 2020

HM Revenue & Customs (HMRC) has confirmed that Making Tax Digital (MTD) will be extended to all VAT-registered businesses from April 2022.

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Government announces new stamp duty rates for non-residents from April 2021

29 Jul 2020

HM Revenue & Customs (HMRC) has announced new rates of Stamp Duty Land Tax (SDLT) for non-residents from 1 April 2021.

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Chancellor considers online sales tax for e-commerce retail sector

27 Jul 2020

The Chancellor, Rishi Sunak, is considering the introduction of a new sales tax for the online retail sector in a bid to help the struggling high street compete with the e-commerce sector.

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Chancellor orders review into Capital Gains Tax system

15 Jul 2020

The Chancellor, Rishi Sunak, has commissioned a report into the UK’s Capital Gains Tax (CGT) system, it has been announced.

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“Tax gap” falls to lowest level on record

14 Jul 2020

The “tax gap” – the difference between what should be paid and what is actually paid – has fallen to its lowest recorded rate, new figures have revealed.

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Government to relax rule for stamp duty surcharge for exceptional circumstances relating to COVID-19

15 Jun 2020

The Government is relaxing Stamp Duty Land Tax (SDLT) surcharge in exceptional circumstances where a property could not be sold due to the impact of the coronavirus pandemic.

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