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 Charlie | Nov 13, 2020 | Creative Industries Tax, UK Taxation
John Lewis & Partners is a brand that knows how to get us all in the mood for Christmas with its beautiful festive adverts. However this years ad is breaking with tradition for an important reason. They have chosen to support the Creative industries who have been...
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 | Nov 4, 2020 | UK Taxation
In 2013, HM Revenue & Customs (HMRC) announced a new nationwide campaign, targeting residential property landlords who were not declaring their rental income to the taxman. The Let Property Campaign is a way for anyone who has income from letting out a residential...
