Nov 12, 2021 | Government Announcements
The Low Incomes Tax Reform Group (LITRG) is urging tax credit claimants whose work is still affected by the pandemic to check their position with HMRC after special coronavirus tax credit easements ceased on 1 October 2021. In response to the pandemic, HMRC introduced...
Nov 3, 2021 | Government Announcements
A new residential property developer tax (RPDT), announced in Autumn Budget 2021, will come into effect from April 2022. A 4% tax on profits over a £25 million threshold will apply for the 2022/23 tax year to UK companies involved in residential property development....
Nov 1, 2021 | Government Announcements
Global shipping companies in the Tonnage Tax regime will be offered tax breaks from April 2022 if they fly the UK's historic merchant shipping flag, the red ensign, Chancellor Rishi Sunak announced. In his Autumn Budget last week, the Chancellor announced the tax...
Oct 28, 2021 | Government Announcements
Chancellor Rishi Sunak has extended the recovery loan scheme by six months as part of his Autumn Budget 2021, meaning businesses can apply until June 2022. Although the Chancellor didn't announce the extension in his speech he delivered in Parliament yesterday, the...
Oct 27, 2021 | Government Announcements
Chancellor Rishi Sunak has encouraged a wave of business and expert reaction after delivering his Autumn Budget today, in which he committed to higher spending and tax cuts. Here's what some industry insiders and tax experts had to say. Business rates In his speech,...
