Rob gives details about the increased level of support to help people cope with the rising cost of living which has been announced by the Chancellor.
Budget
James explains the potential reforms to the Capital Allowances system, which provides tax relief for capital equipment such as machinery, fixtures and vehicles.
Rob outlines the Chancellor’s pledge to cut income tax which was the final part of his three-part tax plan announced today.
James explains more around the Chancellor’s announcements in step 2 of the Tax Plan covering R&D and Capital Allowances.
Rob provides a summary of the Chancellor’s Spring Statement today, with more detail about Step 1 of the three-step Tax Plan which was announced.
Yesterday saw a further announcement delaying the implementation by a tax year so we summarise what we know currently.
James explains about discovery assessments highlighting the need to not ignore correspondence from HMRC
James gives an overview of the announcements from today’s Autumn Budget concerning Business Taxation
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.
James gives an idea of what to expect from the Chancellor at the Budget next week from what we understand currently.
James explains an amendment which clarifies that commercial property landlords can indeed claim the super deduction.
James explains how many businesses that have made losses during the COVID-19 pandemic may be able to obtain a repayment of tax paid in the previous three years.
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.
We summarise the announcement about the taxation of Trusts as part of last weeks ‘Tax Day’.
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,
Emma explains the discussion document resulting from ‘Tax Day’ which explores how HMRC can help taxpayers get their offshore tax right first time.
Rob outlines what was included in the ‘Tax Day’ publications about the future of Business Rates.