No Self Assessment late filing penalty for those who file online by 28 February
Self Assessment customers will not receive a penalty for their late online tax return if they file by 28 February.
Changes to R&D SME tax relief
In an attempt to prevent abuse of the R&D system, the Government is changing the limit for SME tax credit repayments. Similar to the RDEC scheme, a PAYE cap will be introduced which will limit the amount of payable tax credit, based on the PAYE and NIC costs that...
To buy or not to buy – Changes to Stamp Duty?
Last week, the Chancellor Rishi Sunak announced a range of changes to help stimulate the economy. One of the headline changes, related to Stamp Duty with a temporary overhaul to help boost the housing market. With immediate effect, buyers in England and Northern...
MTD phase 2 – End of HMRC’s “soft landing”
We are now a year in to the new MTD rules and with that, HMRC are ending their “soft landing” approach with a few changes coming into effect on 1 April 2020: – Detailed Digital Record-Keeping If you have been using bridging software to submit your returns but...
Do you use contractors? If so, be very afraid!
In the world of high-growth enterprises, particularly in the various technology sectors, there is a need for agile and flexible access to some reasonably abstruse skill-sets. This sort of need is often met by the use of contractors or consultants providing their...