Tax Online Blog

If you were affected by the Coronavirus outbreak early last year and decided to defer your VAT payment for the period 20th March to 30th June 2020 as offered by the Government at the time, you may be... Read more

HMRC announced on (Monday) afternoon that it had decided that 2019/20 tax returns filed online up to 28 February 2021 would no longer be subject to the £100 late filing penalty that normally applies... Read more

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