With the government announcing there will be no van benefit charge for fully electric company vans from 6 April 2021, you might be forgiven for thinking that having a company electric vehicle avoids any tax…
Expanding digital tax strategy
Details of an ambitious ten-year strategy to create a tax system fit for the 21st century have been released alongside Finance Bill legislation. With the rapid growth of information and communications technologies, the aim is…
Capital gains tax review new on the agenda
The Chancellor has asked the Office of Tax Simplification to review capital gains tax (CGT). Within a week of giving his Summer Statement, the Chancellor wrote to the Office of Tax Simplification (OTS) asking it…
Remote witnessing of Wills in the era of COVID-19
At a point during the early days of the pandemic, this author, being of a certain age, weight, and ethnic group, took the decision to get his affairs in order – the Coronavirus intensely on…
Update on Coronavirus and my services
The global COVID-19 pandemic may be with us for a while yet and as such, I would like to take the opportunity to assure my clients (and potential clients) that as my practice is cloud-based,…
Business rates review back on the table
The government committed to undertake a fundamental review of business rates in England at the Spring Budget. It has now issued a call for evidence, with views on reliefs and the ‘multiplier sort’ by 18…
COVID-19 Hit to the housing market
The COVID-19 pandemic stalled property transactions and first-time buyer mortgage applications, but now the residential property market has opened up estate agents are scrambling to deal with pent up demand. Price outlook The range of…
Insolvency Bill To Help COVID-19 Affected Businesses
A new Corporate Insolvency and Governance Bill, introduced on 20 May, will amend insolvency and company law to support businesses in distress from the impact of the COVID-19 pandemic. The Bill, to be fast-tracked through…
HMRC Pauses Inheritance Tax Investigations
HMRC’s recent suspension of IHT investigations during the Covid-19 crisis opens up a brief opportunity for executors to get their IHT accounts in order. HMRC normally investigates around 5,500 IHT cases every year, around 25%…
Empty baskets: calculating inflation under lockdown
The disappearance of normal spending habits has created problems for the statisticians who calculate the rate of inflation. Source: Office for National Statistics Inflation, as measured by the Consumer Prices Index (CPI), fell sharply in…