Latest News for Business (Archive) April 2021 Business rates relief extended with £1.5 billion fund Consultations launched on UK's first Tax Day Government publishes details of Finance Bill 2021 £20 million SME Brexit Support Fund opens for applications HMRC publishes details of final grants for self-employed National Minimum and Living wages increases UK cuts electric vehicle grants by £500 ICAEW urges HMRC to rethink quarterly reports under MTD for corporation tax March 2021 Sunak set out Budget to protect businesses Business groups welcome Budget Late payment penalties for Self Assessment waived until 1 April Online service opens for VAT deferral scheme HMRC clarifies off-payroll rules Domestic VAT reverse charge comes into effect on 1 March Borrowers of Bounce Back loans given six more months for repayments Advisory fuel rates for company cars Spring Budget 2021 February 2021 10.7 million taxpayers submitted their 2019/20 Self Assessment tax returns Rogue employers named and shamed for failing to pay employees the minimum wage Scottish Budget Income Tax Scottish Land and Buildings Transaction Tax Bonus of £1,000 to help businesses take on trainees LITRG calls for a rise in the High Income Child Benefit Charge threshold Government urged by CBI to act on COVID business support ahead of Budget Supreme Court backs small firms on business interruption claims January 2021 Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget Chancellor announces £4.6 billion lockdown grant package Extension of the Job Retention Scheme VAT deferral New action to disrupt promoters of tax avoidance schemes Self assessment deadline approaching Institute of Directors warns Capital Gains Tax rise would adversely affect entrepreneurs Individuals urged to remain vigilant when making festive charitable donations Self-Employment Income Support Scheme December 2020 Get prepared for the end of the Brexit transitional period Virtual Christmas parties will qualify for tax exemption Gifts to employees can be tax-free Minimum Wage Increases from April 2021 Advisory fuel rates for company cars Self assessment taxpayers warned to watch out for scammers posing as HMRC HMRC confirms MTD for corporation tax to be mandated from 2026 £1 million Annual Investment Allowance cap extended November 2020 Furlough scheme extended Increased support made available for the self employed Chancellor approves grants for businesses closed by lockdown Self assessment customers to benefit from enhanced payment plans Taxpayers claim tax relief for working from home Brexit imports and exports ATT issues last call for firms seeking to use increased Annual Investment Allowance Latest guidance for employers October 2020 Job Support Scheme Winter Economy Plan support for the self-employed VAT deferral and enhanced Time to Pay for self assessment Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The VAT reverse charge Ministers announce new grants for businesses affected by local lockdowns New trade arrangements with the EU from 1 January 2021 House sales rise following the introduction of stamp duty holiday September 2020 Kickstart Scheme opens for applications Self Employment Income Support Scheme Grants Plastic bag tax charge to be doubled and extended to all retailers More than £30 million lost to pension scams Advisory fuel rates for company cars Eat Out to Help Out - over 64 million meals Self assessment deadlines HMRC latest guidance for employers August 2020 HMRC outlines Job Retention Bonus criteria Treasury sets out next steps for Making Tax Digital Government announces review of business rates scheme Eat Out to Help Out now up and running Scottish government cuts LBTT to help home buyers Wales reduces LTT rate Chancellor asks OTS to review capital gains tax Overclaimed COVID grants July 2020 Chancellor unveils three-point plan for jobs Stamp duty temporarily reduced Flexible furloughing starts on job retention scheme Government expands aid for start-ups and innovators Bank of England increases stimulus package for UK economy FCA confirms further support for consumer credit customers Private sector off-payroll reforms given go ahead for April 2021 Late payment crisis has worsened during coronavirus lockdown June 2020 Chancellor announces changes to Job Retention Scheme COVID-19: delay to VAT reverse charge on construction services Loan size increased to £200 million under large business interruption scheme Future Fund launches to give start-ups coronavirus support Coronavirus Statutory Sick Pay Rebate Scheme goes live Changes to insolvency and company law going through Parliament UK sets out post-Brexit tariff regime MPs open inquiry into £155 billion of tax reliefs May 2020 Government launches small business micro loan scheme Lenders relax evidence requirements for business interruption loan scheme applications Job Retention Scheme goes live HMRC releases guidance for self-employed scheme Government launches support finding tool for business OBR predicts UK economy will shrink by over a third Government borrowing could rise to £300 billion HMRC extends late reporting deadline for CGT April 2020 Chancellor's business support packages for coronavirus pandemic Chancellor unveils help for self-employed workers Regulators request delay in corporate reporting HMRC urges businesses using VAT deferral to cancel direct debits Get ready for 30-day returns and payments for residential property gains New tests and new car benefit percentages HMRC delays introduction of off-payroll rules to private sector Rise in contactless card payment limit March 2020 COVID-19: measures for UK businesses Spring Budget 2020 Coronavirus measure: Statutory Sick Pay from day one Review confirms off-payroll working rules to go ahead from April 2020 IFS calls for Chancellor to raise taxes in upcoming Budget Minimum Wage increases Advisory fuel rates for company cars Don't forget to make tax efficient investments ahead of the tax year end Freeports Additional financial support for flooding victims February 2020 Brexit - transition period Scottish Budget Budget Day 11 March A decade of bizarre excuses and expense claims Off-payroll working Tax relief on professional fees and subscriptions Changes to overdraft fees New right to paid parental bereavement leave January 2020 Chancellor announces Budget date Minimum wage rates announced Review of the Disguised Remuneration Loan Charge Chancellor commits to review of IR35 Retiring clinicians payments Guidance on Structures and Buildings Allowance Call for review of High Income Child Benefit Charge Self assessment deadline approaching Current list of deliberate tax defaulters Welsh government publishes Draft Budget Working off-payroll December 2019 Making sure gifts to employees are tax-free Advisory fuel rates for company cars HMRC offers tips on avoiding Self Assessment tax scams Check employment status for tax tool update Temporary pensions tax arrangement for NHS staff HMRC issues guidance on cryptoassets Latest guidance for employers Research and Development spend November 2019 Budget will not now take place on 6 November Christa Ackroyd loses IR35 appeal Clamp down on enablers of tax avoidance schemes Increase in probate fees abandoned Charities fraud protection failures Guidance for employers HMRC countdown: file your tax return Genuine HMRC contact and recognising phishing emails and texts October 2019 VAT domestic reverse charge for building and construction services delayed Independent review of the Loan Charge Senior clinicians' pensions consultation HMRC collects record amounts of IHT 'Major gaps' in no-deal Brexit guidance Brexit-readiness events for business Experts warning over insolvency debts Money Laundering non-compliance September 2019 Simplify apprenticeship funding HMRC issues Customs EORI numbers Trusts with small amounts of savings income Advisory fuel rates for company cars PAYE late filing and late payment penalties Self assessment deadlines HMRC latest guidance for employers Strong Customer Authentication August 2019 Off-payroll rules for the private sector Digital Services Tax Insolvency hierarchy changes Private Residence Relief changes Working parents may be eligible for tax-free childcare this summer VAT changes may cause construction chaos Wage growth at a high Updated guidance on spotting HMRC scammers July 2019 Tax gap remains low Preparing the workforce for EU Exit MTD for VAT latest Employer Bulletin - latest guidance New measures to ensure small businesses get paid on time Payment on account confusion UK Investment Support Directory Consultation on the operation of Insurance Premium Tax June 2019 MTD for VAT is now live OTS calls for simplifying everyday tax for smaller businesses HMRC taskforce tackles dishonest dog breeders Forms P11D - reporting employee benefits Welsh taxpayers income tax code mix-up Consultation on Companies House reforms Consultation on ancillary capital gains reliefs Advisory fuel rates for company cars Non-compliance with minimum wage regulations May 2019 Consultation on extension of IR35 rules Government confirms implementation of pensions dashboards 'Springtime' tax scams target young people Latest guidance for employers VAT fuel scale charges Money Laundering 'Flexible extension' to Article 50 Scottish Air Departure Tax plans further delayed April 2019 MTD for VAT Reporting Benefits in Kind - Forms P11D Additional Brexit advisory documents for small businesses Delay to rise in probate fees Update on Structures and Buildings Allowance Call for tax on social media businesses Changes to income tax for 2019/20 HMRC wins disguised remuneration avoidance case March 2019 Spring Statement 2019 HMRC advice - prepare for no deal Start date looming for Making Tax Digital for VAT Advisory fuel rates for company cars Scottish income tax bands confirmed for 2019/20 Minimum Wage increases Pensions auto enrolment contributions to rise Tax efficient investments ahead of the tax year end Latest update for employers Households with landlines should be vigilant February 2019 Businesses urged to prepare for post-Brexit Customs Declarations MTD for VAT - pilot extended to all eligible businesses HMRC's Voice ID database Spring Statement date announced 'Unbelievable excuses' for late filing of tax returns Protect your pension pots January 2019 Scottish Budget 2018 income tax changes Scottish Budget 2018 property tax changes HMRC reminder to employees to claim their tax deductible expenses Pension contribution increases ahead HMRC publish details of deliberate tax defaulters Self assessment deadline approaching December 2018 The Scottish Budget key announcements Committee warns small businesses 'could pay heavy price' for MTD Leaving the EU with no deal 180,500 new homeowners benefit from stamp duty tax relief Tax-free gifts to employees Advisory fuel rates for company cars Phishing tax refund email targets university students Inheritance Tax Review by Office of Tax Simplification November 2018 Budget 2018 Personal tax changes - allowance and basic rate band increases Capital allowances changes Entrepreneurs' Relief changes Making Tax Digital for VAT New guidance for employers HMRC countdown: file your tax return Further contingency planning guidance on a 'No deal Brexit' October 2018 Autumn Budget 2018 UK Budget date announced Self-employed Class 2 National Insurance will not be scrapped 'No deal' Brexit guidance and small business survey Deadline for 'paper' self assessment tax returns Deliberate tax defaulters Genuine HMRC contact and recognising phishing emails and texts HMRC identify record £15.6 million minimum wage underpayments September 2018 HMRC warning: time to declare offshore assets Stamp duty cut Software suppliers - Making Tax Digital for VAT Advisory fuel rates for company cars HMRC latest guidance for employers 'No deal' Brexit guidance August 2018 Bank of England raise interest rate Making Tax Digital for VAT Scotland introduces relief for first time buyers Next round of tax draft tax legislation published One million couples still eligible for tax boost Consultation on pensions cold calling ban Use Tax-Free Childcare over the summer holidays July 2018 Workers' rights for Pimlico Plumber Latest guidance for employers UK 'tax gap' falls to 5.7% HMRC extends RTI late filing easement until April 2019 HMRC saves public £2.4M by stopping fraudsters VAT reverse charge for construction services consultation Enterprise Management Incentive continues June 2018 Tax refund scams warning from HMRC 200,000 receive back pay as HMRC enforce National Minimum Wage Advisory fuel rates for company cars Universal Credit and self employment State Aid approval granted for the Enterprise Management Incentive Wales to set devolved income tax rates May 2018 Changing priorities at HMRC GDPR compliance deadline looms Tax reliefs following the Scottish Budget EMI options may not qualify for tax relief P11D deadline approaching VAT fuel scale charges HMRC consultation on benefits exemption for workplace charging facilities April 2018 GDPR Employer-Supported Childcare gets a reprieve Making Tax Digital for VAT from April 2019 Welsh Land Transaction Tax introduced Income tax changes from 6 April 2018 Update for employers and their employees Spring Statement announces consultations March 2018 Spring Statement 2018 Tribunal rules BBC journalist is caught by 'IR35' legislation Advisory fuel rates for company cars Scotland's five income tax bands and tax relief for pensions Minimum Wage increases Pensions Auto Enrolment reaches a million employers Year end tax planning February 2018 HMRC rejected Self Assessment expenses and excuses Tax-free childcare roll out HMRC halts thousands of scam text messages Updated list of professional subscriptions What will the Spring Statement bring? Scotland revise income tax bands January 2018 Scottish Draft Budget Land and Buildings Transaction Tax and First-Time Buyer Relief Welsh Land Transaction Tax Proposals to extend pensions auto enrolment to younger workers Paying HMRC? Not at the post office or by credit card HMRC warning about iTunes gift card scam December 2017 Employee gifts - tax free? Pension contribution increases and temporary staff Delay to roll out of Tax free childcare Autumn Budget 2017 Advisory fuel rates for company cars Trusts Registration Service Delay in the abolition of Class 2 NIC November 2017 Interest rates rise Autumn Budget wishlist Simple Assessment Welsh Land Transaction Tax Scottish Budget proposals Criminal Finances Act Help to Save Accounts New guidance for employers October 2017 Making Tax Digital for VAT Budget on Wednesday 22 November and 14 December Deadline for 'paper' self assessment tax returns HMRC offer tax support to growing businesses Trusts Registration Service HMRC phishing and scam advice September 2017 Get ready for the new data protection rules Advisory fuel rates for company cars HMRC online forum and webchat Guidance for employers Pensions Auto enrolment compliance Auto enrolment for new employers Childcare services compensation August 2017 New timetable for Making Tax Digital Taylor Review of employment practices Automatic enrolment reaches 8 million Latest labour market statistics HMRC genuine and phishing/bogus emails and calls Charities bound by new Fundraising Preference Service July 2017 Queen's Speech and proposed legislation Simplifying corporation tax Employment Related Securities return deadline Land Transaction Tax Holiday entitlement Latest guidance for employers ICO warning as business fined £60,000 following cyber attack June 2017 Tax-Free Childcare and childcare options P11D deadline approaching Small Business Taskforce outlines priorities ahead of the General Election Advisory fuel rates for company cars Guidance protects against 'ransomware' attacks TPR name and shame those who fail to comply Rising employment statistics May 2017 General Election and tax law Business response to General Election on 8 June Off payroll working in the public sector rules amended Tax-Free Childcare rolled out VAT fuel scale charges Investment Bond launched Changes to the PAYE Tax system using Real Time Information
