HM REVENUE AND CUSTOMS COVID-19 SUPPORT

HM REVENUE AND CUSTOMS COVID-19 SUPPORT

HMRC has recognised that Covid-19 is affecting the capacity of some taxpayers to file their tax returns by the 31 January deadline.  With this in mind they have announced that they will not be charging late filing penalties to Self Assessment customers who file online...
HOW ‘SUPER’ IS THE SUPER DEDUCTION CAPITAL ALLOWANCE?

HOW ‘SUPER’ IS THE SUPER DEDUCTION CAPITAL ALLOWANCE?

During the budget in March 2021, it was announced that Limited Companies would be able to take advantage of a new tax relief that allows them to claim £130 of tax allowance on every £100 spent on qualifying plant and machinery expenditure –with no upper limit on the...
WORKING FROM HOME TAX RELIEF

WORKING FROM HOME TAX RELIEF

Did you know that even if you have started working back at your office now that restrictions are easing, you may still be able to claim tax relief for working from home? Previously, employees were unable to claim this relief and the only way they could obtain costs...