HM Revenue & Customs (HMRC) is set to waive fines for taxpayers who file their tax returns late, providing that they can prove that the delay was because of COVID-19.
Taxpayers are being encouraged to file self-assessment tax returns now to ensure that they can spread their tax bill across 2021 through the ‘Time to Pay’ payment plan service.
Businesses in the UK could save a combined total of £481 million in business rates after an interim ruling on rebates.
HM Revenue & Customs (HMRC) penalties for non-compliance by taxpayers have risen by 62 per cent, according to the latest research.
UK businesses are still unclear on which rules and regulations will apply to them once the Brexit transition period ends, according to data from the British Chambers of Commerce (BCC).
Businesses have just days left to make a claim for staff furloughed in November, with the deadline ending on 14 December 2020.
HM Revenue & Customs (HMRC) is reminding self-assessment taxpayers of key Capital Gains Tax (CGT) changes that they need to be aware of before 31 January 2021.
The Government is set to ban the sale of petrol and diesel cars and vans from 2030, with hybrid vehicles to follow in 2035.
The Government is set to unveil new legislation that will enable ministers to block firms from ‘hostile states’ from completing takeovers of UK companies.
Payment holidays on credit cards, car finance, personal loans and pawned goods have been extended following the Government’s announcement of a second lockdown from Thursday 5 November.