Sep 8, 2020 | Business TaxPersonal Tax
HMRC has announced UK VAT is payable on most early contract termination and cancellation fees, in a change to its previous practice. The tax authority said following recent judgements of the European Court of Justice, it is “evident that these charges are normally...
Aug 18, 2020 | Personal Tax
A post-lockdown boom in housing market activity has seen house sales rise to their highest recorded level in ten years, according to property website Rightmove. The platform reported that sales in August were up by 20% on the previous recorded high, with a total value...
Jul 17, 2020 | Business TaxPersonal Tax
The number of self-employed people in the UK has seen a record decrease in the last few months, data from the Office for National Statistics shows. Estimates for March to May 2020 showed a total of 4.85 million people were self-employed - a decrease of 178,000...
Jul 16, 2020 | Business TaxPersonal Tax
The Government has called for a comprehensive review of the capital gains tax system. Chancellor Rishi Sunak has commissioned the Office for Tax Simplification (OTS) to review how asset sales are taxed. Capital gains tax applies on the sales of assets such as second...
May 22, 2020 | Personal Tax
Grandparents or other family members who provide childcare support over phone or video chat are still eligible for national insurance credits that can boost their state pension. Specified adult childcare credits are available to family members who are under state...
