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Tax

Temporary Annual Investment Allowance extended to January 2022

13 November 202013 November 2020

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

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

14 October 202014 October 2020

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

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Making Tax Digital extended to all VAT-registered businesses from 2022, HMRC reveals

4 August 20204 August 2020

Making Tax Digital (MTD) will be extended to all VAT-registered businesses from April 2022, it has been confirmed.

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Chancellor considers online sales tax for e-commerce retail sector

27 July 202020 August 2020

The Chancellor, Rishi Sunak, is considering the introduction of a new sales tax for the online retail sector in a…

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Self-assessment taxpayers can “automatically defer payments on account”, HMRC confirms

20 July 202020 August 2020

Self-employed taxpayers due to make a payment on account can automatically defer the payment until 31 January 2021, it has…

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“Tax gap” falls to lowest level on record

14 July 202020 August 2020

The “tax gap” – the difference between what should be paid and what is actually paid – has fallen to…

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