Jul 17, 2020 | Business TaxPersonal Tax
The number of self-employed people in the UK has seen a record decrease in the last few months, data from the Office for National Statistics shows. Estimates for March to May 2020 showed a total of 4.85 million people were self-employed - a decrease of 178,000...
Jul 16, 2020 | Business TaxPersonal Tax
The Government has called for a comprehensive review of the capital gains tax system. Chancellor Rishi Sunak has commissioned the Office for Tax Simplification (OTS) to review how asset sales are taxed. Capital gains tax applies on the sales of assets such as second...
May 22, 2020 | Personal Tax
Grandparents or other family members who provide childcare support over phone or video chat are still eligible for national insurance credits that can boost their state pension. Specified adult childcare credits are available to family members who are under state...
Mar 17, 2020 | Personal Tax
A minority of self-assessment taxpayers will no longer receive blank paper tax returns through the post. HMRC is to stop automatically sending out these blank copies in an attempt to get more taxpayers using the Revenue's online services. Last April, HMRC...
Mar 16, 2020 | Personal Tax
Changes to entrepreneurs' relief are being tipped to contribute towards a large rise in capital gains tax receipts over the coming years. The lifetime limit on qualifying disposals eligible for the lower 10% capital gains tax rate was reduced last week, from £10...
