With the pandemic causing utter economic disruption, it isn’t surprising that some things took a back seat with priorities emphasised at providing financial support to businesses across the UK. Tax Tuesday returns this week to briefly highlight, and probably...
According to the Adam Smith Institute, “Tax Freedom Day” this year was 31 May 2021. This is the latest point in the year since reliable records on the statistic have been compiled (i.e. since 1995). Tax Freedom Day is the Institute’s best effort to assess when, in a...
Tax Tuesday this week looks at trading companies and unincorporated trading businesses which might have incurred tax losses during the period of the pandemic so far. These companies will no doubt want to explore their ability to achieve early use, i.e. early...
Today’s Tax Tuesday deals with the very, very, unfortunate recent case, in the Court of Appeal, of Bostan Khan. In the words of Lady Justice Andrews, one of the three justices who presided over Mr Khan’s unhappy appeal case: “This is a cautionary tale...
Tax Tuesday is looking back at the Budget this week with a reminder about the new super-deduction and the new special rate capital allowance reliefs. We all need to keep them in mind because they are temporary (and the next 23 months are liable to pass in a flash!)....
Tax Tuesday would like to ensure all our clients and contacts are ready for Making Tax Digital (MTD) for VAT. As of 1 April 2021, UK VAT-registered businesses whose taxable turnover is above the threshold (£85,000), or who have chosen to voluntarily register, are...
