by Samantha Sutcliffe | May 13, 2022 | Business, HMRC, Tax
Basis Period Reform – what it is and how it could affect you Unincorporated businesses – including sole traders, trusts and those businesses working as partnerships, and anyone else that pays tax on trading income – face a major change that will... 
by Samantha Sutcliffe | May 6, 2022 | HMRC, MTD, Tax, VAT
MTD D-Day has arrived – here’s how to make sure you comply Anyone filing VAT returns from April 1, 2022 onwards now has to file their return digitally as HMRC’s Making Tax Digital reaches its next phase. All businesses registered for VAT – even... 
by Samantha Sutcliffe | Mar 22, 2022 | HMRC, Tax
Stamp Duty Land Tax – why this will increase as house prices rise and what you can do to reduce it Stamp Duty Land Tax (SDLT) receipts were somewhat skewed in the last year as the SDLT holiday for properties worth up to £500,000 was phased out on June 30,... 
by Samantha Sutcliffe | Mar 9, 2022 | HMRC, Tax
IHT receipts up by £700m – but why you should see this as a ‘voluntary’ tax Inheritance tax (IHT) is one of the most hated taxes there is, mainly because for many people their estate faces a 40% tax rate which is higher than they would have... 
by Samantha Sutcliffe | Feb 11, 2022 | Business, Claims, COVID-19, HMRC, Tax
Businesses Helped by COVID-19 Support Could Face Unexpected Tax bills Businesses and self-assessment taxpayers are being reminded they need to include all grants paid as part of the COVID-19 support payments in their tax returns, as some may think these were... 
by Samantha Sutcliffe | Feb 8, 2022 | COVID-19, HMRC, SEISS, Tax
Taxpayers get extension to self-assessment filing dates Millions of taxpayers who are yet to submit their completed Self-Assessment tax return which is due before January 31 are being given a grace period to file until February 28. More than 12.2 million customers are...