by Charlie | Jan 14, 2021 | News, UK Taxation
HM Revenue & Customs will take a lenient stance towards people who file after 31 January for Covid-related reasons, though penalties for paying tax late will still apply. HMRC have however been vague on what exactly counts as a valid coronavirus-related...
by Charlie | Jan 8, 2021 | News, UK Taxation
The Treasury has confirmed that the Annual Investment Allowance (AIA) is to be extended for an additional year. The temporary £1m cap was originally due to revert to £200,000 on 1 January 2021 but now businesses can continue to claim up to £1m in same-year tax relief...
by Ashley Pass | Nov 12, 2020 | News, UK Taxation
About £14bn could be raised by cutting exemptions and doubling rates, according to the review of Capital Gains Tax, which was commissioned by Chancellor Rishi Sunak. The main losers would be individuals looking to dispose of a second home or assets not shielded from...
by David Merrifield | Nov 9, 2020 | News, UK Taxation
Inheritance Tax? Have you heard of it? What do you know about it? Do you know if it will affect you? Inheritance Tax (IHT) was first introduced as way of taxing transfers of capital for the “super-rich”. However, due to inflation, rising house prices and longer life...
by Charlie | Jul 14, 2020 | News, R&D Tax Credits
On July 1 the Department for Business, Energy & Industrial Strategy (BEIS) published its R&D Roadmap, a 60-page paper outlining the government’s vision for cultivating a more science and technology-focused economy. But what does this Roadmap propose?...
by Charlie | Apr 28, 2020 | News
The chancellor has announced a new Bounce Back loan scheme, allowing small businesses hit by the impact of coronavirus measures to apply for up £50,000, with the government guaranteeing 100% of the advance. Billed by chancellor Rishi Sunak as a “simple, quick, easy...
