Latest News
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New year brings new Brexit rules into force
To all intents and purposes, the UK left the EU on 31 December 2020. However, some changes to rules were delayed to ease the transition. From 1 January 2022 there are additional customs rules to be aware of for businesses trading with the bloc. What's changed?
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New guidance on property disposals
Anyone who has tax to pay on the disposal of a UK residential property must complete a special capital gains tax (CGT) return and make a payment within a short space of time. This regime has been in place for almost two years, but HMRC’s guidance has been less than clear - until now. What's the latest development?
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Important deadline is one week away
The tax return for 2020/21 must be filed by 31 January 2022. Any tax due is payable by the same date, but in some circumstances this can be spread over the next tax year instead. Why do individuals need to act quickly to take advantage of this?
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Scottish Budget confirms 2022/23 income tax rates
The devolved Scottish parliament sets its own income tax rates and thresholds. In the latest Scottish Budget, the rates for the next tax year were announced. What’s the position for Scottish taxpayers?
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Government to implement suggested CGT changes
In May 2021, the Office of Tax Simplification made a number of recommendations for simplifying the capital gains tax system. The government has now accepted some of these. What’s the full story?
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Post Office payments temporary reprieve
HMRC was due to stop payments of certain benefits, including tax credits and child benefit, into Post Office accounts on 30 November 2021. However, a last-minute reprieve will be welcome news to claimants. What’s going on?