Specialist Tax News

Date What’s Due 1 October Corporation tax for year to 31/12/19 unless pay by quarterly instalments 5 October Deadline for notifying HMRC of chargeability for 2019/20
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Class 2 National Insurance Contributions (NICs) are currently paid at the rate of £3.05 per week by self-employed earners. A person who is liable to Income
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Since 2019, the vast majority of VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) have been mandated to keep digital VAT records and
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For VAT purposes the definition of a motor car has been amended several times over the years. The current definition states:   “Motor car” means any motor
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The Court of Appeal have now ruled on the tax status of certain vehicles provided to employees of Coca Cola. The court has upheld the HMRC
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HMRC’s CJRS fraud reporting portal had received over 2,000 reports of wrongful claims. Examples of such wrongful claims include; Claiming furlough payments for staff who are
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The calculation of Coronavirus Job Retention Scheme grants has proven to be complex, particularly as HMRC frequently changed the rules and the method of computation. Consequently,
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Date What’s Due 1/09 Corporation tax for year to 30/11/19 (unless pay quarterly) 19/09 PAYE & NIC deductions, and CIS return and tax, for month to
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Note that for the month of August the Government will continue to pay 80% of employees’ regular pay for hours that they are furloughed but will
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A recent tax tribunal has ruled against HMRC who were seeking to raise tax assessments for the High Income Child Benefit Charge (HICBC) for earlier years
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There has been a lot of speculation in the Press that the Chancellor may introduce radical changes to capital gains tax to start to repay the
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Since 6 April 2020 where UK residential property is disposed of, the resulting capital gain needs to be reported and the capital gains tax paid within
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