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 | 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....
by Gary Woosey | Jul 8, 2020 | Covid-19, Tax
When the Chancellor, Rishi Sunak, delivered his Spring Budget on 11 March to the packed benches of the House of Commons, the hope was that the economic impact of the Coronavirus outbreak would be ‘V-shaped’, with an immediate bounce back to prosperity....
by Gary Woosey | Jul 7, 2020 | Covid-19, Tax
The temporary VAT cut on personal protective equipment (PPE) will be extended until the end of October, it has been announced. According to the Treasury, the three-month extension will save care homes, charities and businesses an estimated £155 million in tax. The...
