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A new, and arguably fairer, system for determining penalties for late returns and late payment of VAT was due to be introduced from April 2022. However, it has been recently…

Normally self-assessment tax returns need to be submitted by 31 January, otherwise, there is an automatic £100 late filing penalty. Don’t panic, however, as HMRC have recently announced that provided…

Whilst most of us were wrapping our Christmas presents on 23 December 2021, the Chancellor of the Exchequer, Rishi Sunak, commissioned the Office for Budget Responsibility (OBR) to produce an…

At this time of year, we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year…

‘Twas the season for giving and spreading joy! Given the current climate, we realised that the festive season is more important than ever to come together and support one another.…

Businesses across the world have been grappling with rapid transformation because of changes to working practices, shifts in buyer behaviour and ongoing economic uncertainty. The way we work is evolving…

The main tax and customs duty advantages of locating in a designated freeport area are as follows: SDLT exemption on the purchase of land and buildings in the area 10…

In the run-up to the Autumn Budget, many were predicting that the chancellor might announce restrictions to pension tax relief. Thankfully, nothing has changed yet. For most taxpayers, the maximum…