Trade agreement between UK and India close to completion
12 Jul 2022
It has been announced by India’s commerce minister, Piyush Goyal, that India’s long-anticipated trade agreement with the UK is set to reach completion by October.
Britons lose millions in penalty charges as they cash in LISAs
11 Jul 2022
Thousands of Britons facing a cost-of-living crunch have been withdrawing funds from their Lifetime ISA (LISA) accounts and getting hit with significant penalty charges. According to HM Revenue & Customs (HMRC), a record 77,500 LISA savers were issued over £33
‘Umbrella’ contracts firm loses £11m tribunal case against HMRC
11 Jul 2022
A company has lost an £11 million dispute with the taxman over whether contract construction workers were entitled to claim travel costs tax-free. As many as 600,000 temporary workers in the UK are thought to be employed by umbrella companies, used
How to minimise Inheritance Tax bills as house prices surge
11 Jul 2022
More and more people are being drawn into paying Inheritance Tax (IHT), as the price of property soars. This is because former Chancellor Rishi Sunak froze the nil rate thresholds for paying the tax at £325,000 until 2026, while the
Be prepared if you decide to adopt a working from home policy
11 Jul 2022
There seems little doubt now that the working from home phenomenon has become established. With a laptop, a phone and an internet connection, many tasks can be performed as adequately at home or elsewhere, as in an office. While returning
The benefits of taking on an apprentice
11 Jul 2022
With the current labour shortage affecting pretty much all areas of the economy, taking on an apprentice could reap rewards for many businesses. There are many reasons why hiring an apprentice can benefit your business, but for hard-pressed employers, with
Survey shows taxpayers are still unprepared for Making Tax Digital switchover
11 Jul 2022
A new survey on Making Tax Digital (MTD) shows taxpayers have an alarming lack of readiness and enthusiasm for the changeover and a lack of awareness that MTD for Income Tax begins in less than two years. HM Revenue &
Are you prepared for changes to the income tax basis?
11 Jul 2022
Unincorporated businesses, including sole traders, the self-employed and trading partnerships, will be taxed on profits generated in the 12 months to 5 April each year from 2024/25. This is a significant change to taxation, which removes the basis period rules
Businesses must work harder to win the trust of the public
6 Jul 2022
A new survey has shown the UK public’s attitude towards business has improved, but work still needs to be done.
Have you claimed the working from home tax relief?
5 Jul 2022
The eligibility criteria for the Government’s work from home tax relief was relaxed during the pandemic, as restrictions prevented many people from physically going to work.
