Tax Online Blog

As the new year begins, it seems a good time to look ahead to how the tax system might develop in the future. In this article, I will consider HMRC’s 10-year strategy published in July 2020 under the... Read more

The UK and the EU have agreed future trading terms of the UK-EU Trade and Cooperation Agreement which provisionally came into effect on 31 December 2020, whilst awaiting the EU to take steps to... Read more

During the festive break there were a number of updates made to the different Government support packages, and following Boris Johnson's national lockdown announcement on Monday, we have had further... Read more

In the middle of tax return season, your main role is to ensure clients’ self-assessment returns are accurate and submitted on time. Bear in mind that as an adviser, you also want to minimise risk of... Read more

The latest report by the Low Incomes Tax Reform Group (LITRG), ‘A better deal for the low-income taxpayer’, shines a light on aspects of the tax system that can set nasty traps for those who are... Read more

Being a small business owner is tough. Long hours, hard work, and sleepless nights are all side effects of running your own business. Add to this a global pandemic in 2020 and the options to apply... Read more

In October 2020, an unprecedented £72 million was raised in capital gains tax, compared with £4 million in October 2019. According to an article in the Financial Times, the new (since April 2020)... Read more

Whilst there is still some uncertainty as to whether the UK or EU will agree a tariff free trade agreement, either way, UK business will need to produce additional documentation for importing and... Read more

It is, sadly, not uncommon for parents who think they might become liable to the high income child benefit charge (HICBC) to avoid claiming child benefit altogether, thereby jeopardising their own... Read more

As mentioned in our Winter Economy Plan newsletter, the Chancellor has recently announced changes to the Time to Pay facility allowing easier online access, but from 1st October he has allowed... Read more