Venture capital tax breaks to be reviewed

The Treasury Committee has launched an inquiry into the venture capital industry to discuss its effectiveness and how further innovations can be made. The committee plans to look at the current tax incentives, which include the enterprise investment scheme (EIS), seed...

PAYE payment deadline approaches

Employers have about a month to make electronic PAYE payments for April, ahead of the deadline on 22 May 2022. HMRC is warning taxpayers that this deadline falls on a weekend. This means payment needs to reach HMRC by 20 May, unless faster payment is available. Any...

IPSE: “IR35 damages business growth”

Around two-fifths of businesses say reforms to IR35 have had negative financial impacts on their business, according to research by the Association of Independent Professionals and the Self-Employed (IPSE). Of the 501 businesses surveyed, 28% had decreased the number...

Thousands benefit from time to pay scheme

More than 142,000 people have used the tax catchup 'time to pay' scheme (TTP) with HMRC to spread the cost of their self-assessment tax bill since April 2021. The deadline for self-assessment tax returns and tax payments for 2020/2021 was 31 January, but this year...