by Gary Woosey | Aug 4, 2020 | Covid-19, Tax
The Chancellor, Rishi Sunak, is considering the introduction of a new sales tax for the online retail sector in a bid to help the struggling high street compete with the e-commerce sector. The Treasury published a call for evidence last week, seeking industry views on...
by Gary Woosey | Aug 4, 2020 | Uncategorized
HM Revenue & Customs (HMRC) has announced new rates of Stamp Duty Land Tax (SDLT) for non-residents from 1 April 2021. The new rate represents a two per cent surcharge compared to purchases made by UK residents and will apply to both leasehold and freehold...
by Gary Woosey | Jul 23, 2020 | Tax
The Treasury has released new details on the next steps it intends to take as part of its long-term tax digitisation plan. Its timeline for a modernised digital tax system will see HM Revenue & Customs’ (HMRC) Making Tax Digital (MTD) programme gradually extended...
by Gary Woosey | Jul 15, 2020 | Tax
The “tax gap” – the difference between what should be paid and what is actually paid – has fallen to its lowest recorded rate, new figures have revealed. HM Revenue & Customs (HMRC) said the record is a collaborative result of increased enforcement and improved...
by Gary Woosey | Jul 15, 2020 | Tax
The Chancellor, Rishi Sunak, has commissioned a report into the UK’s Capital Gains Tax (CGT) system, it has been announced. The review will be conducted by the Office of Tax Simplification, with a survey being launched, asking for evidence to seek views about CGT....
