by Gary Woosey | Aug 17, 2020 | Tax
HM Revenue & Customs (HMRC) has written to people suspected of having undeclared overseas assets, asking them to declare any currently undeclared overseas assets and to complete a certificate declaring the correct tax position. The letters have been generated...
by Gary Woosey | Aug 4, 2020 | Covid-19, Tax
The financial support offered by the Government through the VAT payment deferral scheme has officially come to an end. This period, which was intended to support businesses struggling with the impact of COVID-19, ended on 30 June 2020. You must now pay any VAT due...
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....
