Sep 6, 2021 | Business Tax
Going ahead with proposals to change basis periods ahead of the expansion of Making Tax Digital would be a "backwards step" for affected businesses, warns the Institute of Chartered Accountants in England and Wales (ICAEW). Responding to HMRC's consultation proposals...
Aug 31, 2021 | Business Tax
Capital gains tax could be about to rise as Chancellor Rishi Sunak seeks to raise funds and decrease Government borrowing, according to a report in the Express. Speculation of this originally emerged after the publication of a report by the Office for Tax...
Jul 22, 2021 | Business TaxPersonal Tax
The UK public borrowed £22.8 billion in June 2021, the highest level in the month in any year second only to June 2020, figures from the Office for National Statistics (ONS) show. It follows May's borrowing figure of £24.3bn, suggesting that the reliance on borrowing...
Jul 21, 2021 | Business Tax
The Government has announced reforms to the tax system to make it easier for small business and self-employed individuals filling out their tax returns. The changes will come into force by 2023 and see businesses and freelancers taxed on profits arising in a tax year,...
Jul 15, 2021 | Business Tax
The Government should introduce a £3/kg tax on sugar and a £6/kg on salt sold for use in processed foods or in restaurants and catering businesses to improve the UK's diet, an independent review recommends. The National Food Strategy claims that such a plan would...
