Latest News
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HMRC answers questions on 30-day CGT reporting
Earlier this month, we reported problems that individuals have experienced when trying to offset overpaid capital gains tax (CGT) on property disposals against the self-assessment tax liability. We also reported how to work around the issue. Now, HMRC has answered a number of further questions from the accountancy industry. What new information has come to light?
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Can employers use the furlough scheme for self-isolating staff?
With news of increasing numbers of staff being contacted by NHS Test and Trace or being “pinged” by the NHS COVID-19 app, can employers use the Coronavirus Job Retention Scheme (CJRS) for staff who have to self-isolate?
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Managing competing holiday requests
As quarantine will no longer be required for fully vaccinated travellers returning from “amber list” countries to England from July 19, there may be a spike in employee requests for annual leave over the school summer holiday period. How should employers manage these requests?
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Offsetting overpaid CGT
Many people are looking to file their tax return early for 2020/21. However, an issue has come to light where a 30-day capital gains tax (CGT) return has also been filed during the year. What’s the issue and the solution?
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HMRC doubles up on SEISS tax
HMRC’s latest guidance on Self-Employment Income Support Scheme (SEISS) payments warns that some taxpayers may be taxed on them twice. What steps are required to prevent this?
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Furlough scheme winding down
From 1 July 2021, employers must now pay part of employees’ furlough wages as the Coronavirus Job Retention Scheme (CJRS) starts to wind down. What's the full story?