Dec 20, 2021 | Personal Tax
More than 20,000 people have used HMRC’s monthly payment plan to spread the cost of their self-assessment tax bill since April 2021, recent statistics show. A total of £46 million has been paid under the Treasury’s time-to-pay scheme in this tax year so far. The...
Dec 13, 2021 | Personal Tax
HMRC is experiencing huge delays in processing requests for unique taxpayer reference (UTR) codes, according to a report. Some 407,510 startups were created during the 2020/21 tax year, despite the challenges presented by the COVID-19 pandemic. Those who are...
Oct 27, 2021 | Personal Tax
Capital gains tax property payment window extended Not included in the speech, but an important announcement nonetheless, was a change to property payment window for capital gains tax. The deadline by which any capital gains tax on the sale of UK residential property...
Oct 25, 2021 | Personal Tax
Ahead of this week's Budget, the Association of Accounting Technicians (AAT) has called on the Government to double the current 30-day reporting deadline for capital gains tax on residential property to 60 days. The reporting requirement, which came into effect in...
Oct 19, 2021 | Personal Tax
Seven in ten people face paying a bigger inheritance tax (IHT) bill than they might need to, a survey suggests, despite the fact that four in ten are concerned about paying the tax. The research, co-sponsored by Canada Life and AKG, revealed that three-quarters of...
