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Self Assessment taxpayers given extra time to file and pay

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HMRC is waiving late filing and late payment penalties for Self Assessment taxpayers for one month –giving them extra time, if they need it,...
Tax

Accountants told to remind clients to declare Covid grants on tax returns

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Tax agents and accountants should remind their clients that Covid-19 support grants or payments are taxable and need to be declared on their company...
Tax

Consultation on plan for more frequent tax payments is welcomed

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HMRC’s decision to consult further with interested parties before moving to more frequent payment of tax for small businesses has been welcomed by the...
Tax

Traders warned to prepare for full customs controls

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Traders must make sure they are prepared for customs changes that come into effect on 1st January 2022, HMRC is warning. The revenue said importing...
Tax

Accountants should know better

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Tax expert, Mark McLaughlin, highlights one reason why accountants must keep up-to-date with changes in legislation affecting their clients’ tax affairs The tax world is...
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