HMRC extends self-assessment submission and payment deadline
HMRC has waived late filing and payment penalties for 2020/21 self-assessments by one month. This has been done to help ease COVID-19 pressures as businesses have continued to struggle through the pandemic. HMRC is however still encouraging taxpayers to submit and pay... read more
Super-Deduction: Tax savings on plant and machinery
In a bid to encourage businesses to invest in productivity-enhancing plant and machinery assets, the government has introduced super-deduction. First announced in the March 2021 Budget and then the Finance Act 2021 in June, the super-deduction came into effect on 1... read more
Stamp duty land tax holiday ends
More than 14 months after it first came into effect, the stamp duty land tax holiday in England and Northern Ireland has come to an end. The tax break meant that buyers who purchased a residential home for less than £500,000, didn’t have to pay stamp duty land tax... read more
National Insurance and dividends tax rates to rise in 2022/23
National Insurance contributions (NICs) and the three dividend tax rates will all increase by 1.25% from April 2022. This is being done to create a social care package funded through a new UK-wide health and social care levy. This is expected to raise around £12... read more