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For those who might have missed it, the Chancellor, Rishi Sunak has announced that the date for the next UK Budget will be 3 March 2021. The Government had planned to hold a Budget in the Autumn but ...

The fact that the possibility, however remote, of a Conservative government introducing a one-off wealth tax is being discussed shows just how hard the UK’s economy has been hit by the coronavirus ...

Despite fierce opposition to the measure, on 1 December 2020, the Crown (for which read HMRC - the UK tax authority), was promoted from ordinary unsecured creditor status to preferential creditor ...

You can currently deduct the full value of an item that qualifies for annual investment allowance (AIA) from your profits before tax but the value of this relief is due to fall sharply and businesses ...

It was announced yesterday evening (23 September 2020) that the Chancellor, Rishi Sunak has cancelled plans for a Budget this Autumn.

The date for the forthcoming Autumn Budget has not yet been set, but all signs are pointing towards tax increases being announced by the Chancellor in late October/early November.

HMRC have published Spotlight 56 entitled Disguised remuneration: tax avoidance by owner managed companies using Remuneration Trusts. 

In recent weeks HMRC have recommenced a campaign which targets taxpayers that have overseas assets, income and gains, which may not have previously been disclosed to HMRC.

The Chancellor has today introduced new financial measures in a mini-budget aimed squarely at creating job placements for the young, retaining and saving jobs for the those who have been furloughed, ...

When purchasing a second home, owners are compelled to pay an additional 3% stamp duty land tax (SDLT) on top of the normal SDLT rates applicable to their homes. If however, the second property ...