Criticism of Finance Bill leads to amended basis period transitional rules

Business Tax

From April 2024, sole traders and partners will be taxed based on the profits earned during the tax year, as opposed to the profits for the basis period ending during the tax year. The draft rules were initially criticised, so an amendment has been made. What’s the full story?

04.02.2022

Working from home: are the tax breaks being axed in April?

Personal Tax

As a result of the coronavirus pandemic, the government relaxed the rules regarding claiming relief for working from home back in 2020. This relaxation ends in April 2022, so what will the position be after that?

31.01.2022

Taxpayer denied £80k SDLT relief

Personal Tax

The Upper Tribunal has dismissed an appeal on the availability of Multiple Dwellings Relief worth £80,000 on a high value property in London. Why didn’t it qualify?

28.01.2022

HMRC's new P11D filing system

Business Tax

Many smaller businesses use HMRC’s interactive PDF to file their P11D forms each year. However, this won’t be available for the 2021/22 year onwards. If that includes you, how will you report your figures in the future?

26.01.2022

Government to close business rates loophole

Business Tax

Many second home owners use a loophole to avoid council tax on the property. However, the government has announced that new rules will apply to prevent abuse from April next year. What’s going on?

21.01.2022

HMRC provides further detail on late filing reprieve

Personal Tax

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?

20.01.2022