Temporary Annual Investment Allowance extended to January 2022
The temporary Annual Investment Allowance (AIA) will be extended until 01 January 2022 to “stimulate investment in UK manufacturing”, it…
Tax
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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…
Making Tax Digital extended to all VAT-registered businesses from 2022, HMRC reveals
Making Tax Digital (MTD) will be extended to all VAT-registered businesses from April 2022, it has been confirmed.
Chancellor considers online sales tax for e-commerce retail sector
The Chancellor, Rishi Sunak, is considering the introduction of a new sales tax for the online retail sector in a…
Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms
Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has…
“Tax gap” falls to lowest level on record
The “tax gap” – the difference between what should be paid and what is actually paid – has fallen to…