Making Tax Digital for Income Tax Self Assessment delayed for a year
October 2021
The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year, HMRC recently announced. The government says it has…
National Insurance and dividend tax rises announced for social care reform
October 2021
From April 2022, the government plans to create a new social care levy which will see UK-wide tax and National Insurance Contribution (NIC) increases. There will be a 1.25% increase…
Chancellor to deliver Autumn 2021 Budget on 27 October
October 2021
HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October. On 7 September the Chancellor launched Spending Review 2021, which will conclude…
Chancellor warned of redundancies as furlough scheme ends
October 2021
The government's Coronavirus Job Retention Scheme (CJRS) ended on 30 September after supporting millions of workers during the pandemic. The government said the wages of more than 11 million people…
COVID-19 sick pay rebate scheme closed in September
October 2021
The government's scheme that enables small businesses to recoup statutory sick pay costs caused by COVID-19 closed at the end of September. Legislation ending the Coronavirus Statutory Sick Pay Rebate…
£800 million Reinsurance Scheme opens for live events
October 2021
The government has opened a £800 million Reinsurance Scheme to cover live events against cancellations stemming from the COVID-19 pandemic. The live events sector is worth more than £70 billion…
Government announces plans to make requesting flexible working a day one right
October 2021
UK workers could get more choice over when and where they work under new proposals to make the right to request flexible working a day one entitlement. The government will…
British Business Bank provided £80.5 billion of COVID-19 support
October 2021
COVID-19 emergency finance schemes offered £80.5 billion of finance to almost 1.7 million businesses through the British Business Bank (BBB) during the last financial year. This support, which is not…
HMRC outlines changes to late payment penalty regime
September 2021
HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for taxpayers. The government intends to reform sanctions for late submission…
Digital marketplaces to report sellers' incomes from 2023
September 2021
HMRC has published a consultation that outlines plans to implement reporting rules for digital platforms first put forward by the Organisation for Economic Co-operation and Development (OECD). In February 2020,…
CIOT warns over stamp duty refund claims
September 2021
The CIOT has warned that some claims being made by firms offering help with Stamp Duty Land Tax (SDLT) refunds are too good to be true. The CIOT says an…
Contactless limit to increase to £100
September 2021
The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, banking trade body UK Finance has confirmed. The decision to raise…
HMRC urges taxpayers to stay alert to digital scams
September 2021
HMRC has urged taxpayers to stay alert to the threat of digital scams and scammers claiming to represent HMRC. Research published by HMRC revealed that the number of tax-related scams…
BCC calls for government to extend skills training
September 2021
The BCC has urged the government to extend skills training in light of the publication of research which showed that one in five companies are considering making redundancies as a…
Advisory fuel rates for company cars
September 2021
New company car advisory fuel rates have been published and took effect from 1 September 2021. The guidance states: 'you can use the previous rates for up to one month…
Employers 'named and shamed' for paying less than minimum wage
September 2021
The government has 'named and shamed' 191 companies that have broken National Minimum Wage (NMW) laws. Following investigations by HMRC, the named firms have been fined for owing £2.1 million…