Tax

Nina looks into the recent government announcement about the self-assessment tax returns submission date and the one-month, no penalty reprieve.

William reviews the changes that Making Tax Digital will make to the self-employed and landlords who currently complete an income tax self-assessment return.

John discusses the new Health and Social Care Tax and its impact on employees and employers.

Lizzy Lloyd looks at HMRC’s proposals, in preparation for Making Tax Digital, to change the way that partnerships and individuals are taxed under self-assessment and discusses the potential effects of the changes.

Tessa Brown reminds employers, students and seasonal staff to check that National Minimum Wage is paid correctly, following a recent campaign by HMRC.

Laura Howes discusses tax relief on farming and agricultural buildings and the recent case lost by HMRC.

HMRC have recently issued some clarification on IR35 workers entitlement to statutory payments.

The Patent Box regime offers a 10% rate of corporation tax in the UK, on profits derived from patents. However, complex rules have put many off claiming. With a 25% rate of corporation tax on the horizon, is now the time to consider this tax relief?

There was an interesting Upper Tier appeal published recently where the taxpayer was found to have a reasonable excuse against a VAT penalty issued by HMRC. The Tribunal found that after writing to HMRC, the response the taxpayer received was 'not as comprehensive in its answers as it might have been.'

The Trusts Register (TRS) was introduced in 2017 and requires trustees who pay Income Tax, Capital Gains Tax, Inheritance Tax, Stamp Duty Land Tax and Stamp Duty Reserve Tax to register their trust online. For those trustees without tax liabilities, no registration has previously been required. However, under the new rules, some trusts will need to register.