Many self-employed workers will have already claimed their second, and final, Self-Employment Income Support Scheme grant, but otherwise have until 19 October to do so. A key condition is that the business must have been…
Coping With Brown Envelope Syndrome
It's estimated roughly 100,000 people a year enter one form of formal personal insolvency or another and Covid-19 is likely to significantly increase this figure. This article is written in the hope that it may…
Femi joins Tax Advisers Network
I am proud to announce that I have been accepted as a member of this prestigious and long-standing network of independent tax advisers. The website www.FindATaxAdviser.online is highly ranked and used by thousands of visitors…
Taxation of electric vehicles (from 6 April 2021)
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…
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…
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%…
Time to look at an alternative tax?
The adoption in the UK of a transatlantic approach to income tax could appeal to a cash-strapped Chancellor. “…only the little people pay taxes.” That 1980s comment by the New York Hotel owner Leona Helmsley…
Card tax payments to incur charges
When making tax payments to HMRC, you are currently only charged a fee if you pay by business credit card, while payments by personal credit card are not permitted. However, from 1 November 2020, payments…