Daily penalties have started!
Date posted: 12th May 2021
If you have not yet filed your 2019/20 Tax Return, then you will be accruing daily penalties at a rate of £10 per day from 1 May 2021….
Date posted: 12th May 2021
If you have not yet filed your 2019/20 Tax Return, then you will be accruing daily penalties at a rate of £10 per day from 1 May 2021….
Date posted: 12th May 2021
The new tax year has prompted the usual scam texts about claiming tax refunds and calls about being arrested for unpaid taxes. As always, our advice is to…
Date posted: 6th Apr 2021
In the March Budget it was announced that the normal one year carry back for trading losses would be extended to three years. This means that many businesses…
Date posted: 6th Apr 2021
In short, yes. However, the timing of the taxation of grants such as the self-employment income support scheme (SEISS) grants may be a little odd. The grants are…
Date posted: 22nd Mar 2021
As discussed in prior years, we are now entering the annual reporting period for this Annual Tax on Enveloped Dwellings (“ATED”) charge which has a tax, and reporting,…
Date posted: 8th Mar 2021
In normal circumstances, individuals have up to four years to correct errors that result in an overpayment of tax. So 5 April 2021 is the deadline to claim…
Date posted: 8th Mar 2021
We are helping many new client’s declare previously undeclared income to HMRC. Such income could range from overseas income to UK rental income. We always advise new client’s…
Date posted: 8th Mar 2021
The government have announced that there will be a soft landing in respect of the changes in the IR35 rules from April 2021 – https://www.cliveowen.com/2021/02/ir35-back-on-the-agenda/ This essentially means that…
Date posted: 8th Mar 2021
Many businesses with trading premises are temporarily closed under the current COVID-19 lockdown. However, due to the lockdown, there are many new home-based enterprises that have started to…
Date posted: 8th Mar 2021
If you survey most people, they would expect that they would not pay any tax on the sale of their main home, if the property has been their…
