Discovery assessments look set to be applied to the High-Income Benefit Charge under new legislation set out by the Government.
Continue readingCategory Archives: Tax Blog
Generous tax incentives for investing in higher risk enterprises
With the cost of living rising steeply and taxation at its highest level for decades, tax breaks are welcome, particularly for those looking to invest their money in business.
Continue readingEmployers given £1,000 saving thanks to rise in Employment Allowance
First announced by the Chancellor in the Spring Statement, changes to the Employment Allowance, worth up to £1,000 for eligible small businesses, came into effect on 6 April.
Continue readingLatest deadline for Making Tax Digital for VAT comes into force imminently
A major change in the way VAT is reported comes into force from tomorrow. Every small business that charges VAT will have to file accounts through the HM Revenue & Customs (HMRC) Making Tax Digital (MTD) system.
Continue readingPlastic Packaging Tax: what to know as deadline looms
There are just two weeks left until the Plastic Packaging Tax (PPT) comes into effect on 1 April 2022.
Continue readingWatch out for tax scams, warns HMRC
HM Revenue & Customs (HMRC) is warning taxpayers to stay alert to tax scams after a surge in fraudulent activity.
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