Tax hub

Speculate to accumulate – what an emergency budget could mean and how you might prepare for it

It is clear that there will need to be a significant re-balancing of the national books in order to accommodate the unanticipated spend of COVID-19.

Taxflash: Mileage rates – June 2020

The rates last changed on 1 March 2020 and have now been amended with effect from 1 June 2020. Overall, the main changes are relatively large reductions in the rates for all cars.

Policing pandemic policies: are you encountering resistance to a business interruption insurance claim?

Sadly for business owners, a majority of insurers are not willing to accept a State imposed closure as significant business interruption.

DAC6 reporting deadline extension

The European Union announced an extension to the filing deadline for DAC6 reporting, which is welcome news but many companies are not even aware of their obligations.

Every little helps: working from home allowance

It is an established practice that where there is a home working arrangement in place, an employer can pay a weekly amount to its employees tax free, without subsequent scrutiny or challenge.

Tax card 2020/21

For a rundown of the latest tax rates for 2020/21, download our handy tax card.

Changes to Capital Gains Tax on the sale of residential properties

From 6 April 2020, where CGT is due on the disposal of a UK residential property by a UK resident, a new standalone online return will need to be filed with HMRC, together with payment on account of CGT within 30 days of the date of completion of the transaction.