Making Tax Digital for Income Tax – What you need to know HMRC has deferred the start of Making Tax Digital (MTD) for Income Tax, due to the Government recognising the challenges faced by many UK businesses in the wake of the pandemic. Though delayed, tax...
Some interesting news this week, as two Yorkshire-based directors are in big trouble. They were caught after fraudulently claimed £100,000 in bounce back loans. Aamer Aslam from Huddersfield has been handed a ban for 11 years. Razwan Ashraf from Keighley has been...
If HMRC makes a request from you they normally set a deadline for when they expect a response. If you don’t comply they then tend to issue a formal request which incurs a hefty fine for noncompliance. But what about when you’re waiting for something from them,...
Inheritance tax (IHT) has once again been voted the most hated type of tax in the UK. A survey conducted in September found that 24% of participants believed that it was the worst tax in the UK. The respondents felt more ‘irritated’ by the fact that their loved ones...
After yesterday’s Autumn Budget for 2021, we’ve summarised the most important information that you need to know in this helpful article. Sunak said his plans were focused on the “post-Covid” era, and would pave the way for an “economy of...
Ireland’s 12.5% corporate tax rate is to be increased to 15% Donohoe confirmed that corporation tax will rise, the new tax rate will apply to companies with turnover over €750m. This means that Ireland is now part of the global corporate tax plan which has been put...
