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...
Tax Tuesday would like to try and ensure that everyone who might be entitled to the homeworking allowance during this pandemic, is getting it. In short, if you have been required to work from home at any time during the pandemic in the tax year 2020/21 (and now,...
Tax Tuesday today highlights a potentially useful item for any taxpayers who might have realised a gain on an investment bond in the last two years. This relates to a helpful change in the way top-slicing relief is now calculated (and the fact that that change is...
Are you a self-assessment taxpayer? With little over a week until 1 April, have you paid any outstanding tax liabilities or set up your online payment plan? If the answer is no, in order to avoid a 5% late penalty, you need to take action now! In view of the Covid 19...
Tax Tuesday is thinking again about Research & Development tax relief, this morning. There are a couple of important things to report on. Recap of the SME R&D scheme By way of a recap for all, the SME scheme provides that eligible R&D costs borne by...
