SEISS 5 Grant Applications Have Opened
Fifth SEISS Grant Now Available to Claim The fifth and final Self-Employment Income Support Scheme (SEISS) grant is now open for applications. Eligible self-employed individuals...
Read MoreMTD ITSA: Questions Answered
Making Tax Digital for Income Tax: Your Questions Answered Making Tax Digital for Income Tax Self Assessment (MTD ITSA) represents a significant change in how...
Read MoreGet Ready for 12.5% VAT
Hospitality and Tourism VAT Rate Increases to 12.5% From 1 October 2021, the temporary reduced VAT rate for hospitality and tourism increased from 5% to...
Read MoreMTD ITSA Delayed to 2024
Making Tax Digital for Income Tax Self Assessment Delayed The Government has announced a further delay to Making Tax Digital for Income Tax Self Assessment...
Read MoreCIS: When Are Contractual Arrangements Caught?
Understanding CIS Contractual Arrangements The Construction Industry Scheme (CIS) requires contractors to deduct tax from payments made to subcontractors for construction work. However, understanding which...
Read MoreHMRC Issues Scam Warning to Self Assessment Taxpayers
Beware of HMRC Tax Scams HMRC has issued a warning to Self Assessment taxpayers to be vigilant about tax scams. Criminals use emails, phone calls...
Read MoreSelf Assessment Penalty Waivers
HMRC Waives Late Filing Penalties for Self Assessment HMRC has announced that Self Assessment taxpayers will not receive a late filing penalty provided they file...
Read MoreNational Insurance increase from April 2022
From 6 April 2022 to 5 April 2023 National Insurance contributions will increase by 1.25 percentage points. This will be spent on the NHS, health...
Read MoreIncrease of the rates of Income Tax applicable to dividend income
Who is likely to be affected Individuals who pay tax on their dividend income. General description of the measure This measure increases the rates of...
Read MoreMTD for Income Tax Self-Assessment
Making Tax Digital (MTD) is being introduced for Income Tax Self-Assessment (ITSA) from 6 April 2024. Self-employed businesses and landlords with annual business or property...
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