NEWS

The government’s VAT deferral new payment scheme will open on 23 February and close at the end of 21 June 2021. The scheme will allow businesses to pay the VAT they deferred under the covid deferral scheme in up to 11 instalments, interest free. The...

HMRC has updated its guidance Making your self-assessment payments including class 2 national insurance contributions on the self-assessment payments that were deferred due to coronavirus, to add information on payment of class 2 NICs through a time...

HMRC has updated its coronavirus job retention scheme (CJRS) guidance Claim for wages through the coronavirus job retention scheme to confirm that there is no right of appeal for taxpayers who are ineligible for the CJRS. Taxpayers and employers who...

The Treasury has announced that businesses which took out bounce back loans to mitigate the effects of the coronavirus pandemic will have greater flexibility to repay them, through ‘pay as you grow’ repayment options. The announcement means that...

The Capital Allowances Act 2001 (Car Emissions) (Extension of First-year Allowances) (Amendment) Order, SI 2021/120, extends the 100% first-year allowances for low-emission cars, zero-emission goods vehicles and equipment for gas refuelling stations...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Capital Gains Manual Added: CG38527 New page...

The Scottish Cabinet Secretary for Finance, Kate Forbes, delivered the Scottish Budget on Thursday 28 January 2021.The Scottish Budget was intended to provide ‘certainty and stability’ for income tax payers, with Scottish taxpayers set to pay...

The Taxation of Coronavirus Support Payments Regulations, SI 2021/92, bring payments under the following Covid support schemes within the scope of taxation as ‘coronavirus support payments’ under FA 2020 s 106:test and trace support payment scheme in...

HMRC will publish details of CJRS claims for periods starting on or after 1 December 2020. Employers can, however, ask HMRC not to publish details about their claim if they can show evidence that publication would result in serious risk of violence...

HMRC has published Rates and thresholds for employers 2021 to 2022 setting out the income tax rates, bands and personal allowance along with NIC thresholds for 2021/22.The Income Tax (Indexation) Order, SI 2021/111, formally sets out the indexed...