Yesterday saw a further announcement delaying the implementation by a tax year so we summarise what we know currently.
Posts by Rob Case
Rob summarises the announcements from today’s Autumn Budget concerning Personal and Partnership Taxation
Over the weekend there were a series of leaks suggesting there may be some significant changes to come tomorrow so here is what we understand now.
HMRC is increasing its focus on tax investigations as it bounces back from Covid and compliance checks and charges for tax evasion are on the rise.
Rob provides an update about the recently announced delay to MTD for Income Tax.
Rob provides details about the plans for MTD for Income Tax including what will need to be reported and when.
Rob reminds us that pension contributions to approved pension funds continue to be a tax-free benefit provided the annual input limit is not breached.
Rob explains the complexities around European VAT returns and what UK businesses need to be thinking about.
With the school summer holiday just round the corner, Rob reminds parents of the tax-free childcare account which available is for children under 12.
Rob explains that change is welcomed in this area of tax so he was disappointed with the plans to standardise application forms and processes.
Described as a cashflow exercise for both the individual and the government, creating a system to understand how much tax is owed, and why, and to pay the right tax with ease.
Rob tells us more about the Government’s 10-year tax administration strategy to ‘build a trusted, modern tax administration system’.
Rob provides a summary of the findings of HM Treasury’s research into the implementation of MTD for VAT,
Rob outlines what was included in the ‘Tax Day’ publications about the future of Business Rates.
Rob outlines the changes to the personal tax thresholds and Stamp Duty Land Tax.
Rob gives a summary of the VAT related announcements in today’s budget.
Coming into force on 1 March, Rob explains what theses VAT changes are and what actions need to be taken now.
Rob provides details of the updated guidance with information added about payment of Class 2 NICs through a Time to Pay arrangement.
Taxpayers were permitted to defer any VAT return payments due to COVID-19 – Rob explains about the deferral payment schemes.
Rob shares details of the first steps which are being taken to help counteract fraudulent CJRS support claims.