Latest News
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HMRC provides further detail on late filing reprieve
At the start of January 2022, HMRC announced an extension to the tax return penalty trigger dates. It's now released further details concerning agents delayed due to COVID, partnership returns and more. What do you need to know?
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HMRC delays new VAT penalty rules
The first step towards alignment of VAT and direct tax penalties was due to take place in just two months but yesterday the government announced a delay. What’s the full story?
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New HMRC powers of discovery will be retrospective
The government has confirmed that the Finance Bill will include changes to discovery assessments, allowing HMRC to recoup unpaid high income child benefit charges going back almost ten years. What’s the full story?
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HMRC announces one month late filing reprieve
The standard deadline for individuals filing a tax return is 31 January. Failure to meet this deadline usually means a £100 automatic penalty applies, even if no tax is owed. Why will an HMRC announcement bring relief to those struggling due to the pandemic?
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New year brings new Brexit rules into force
To all intents and purposes, the UK left the EU on 31 December 2020. However, some changes to rules were delayed to ease the transition. From 1 January 2022 there are additional customs rules to be aware of for businesses trading with the bloc. What's changed?
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New guidance on property disposals
Anyone who has tax to pay on the disposal of a UK residential property must complete a special capital gains tax (CGT) return and make a payment within a short space of time. This regime has been in place for almost two years, but HMRC’s guidance has been less than clear - until now. What's the latest development?