There are various tax advantages to a rental property being treated as a furnished holiday letting, but inheritance tax (IHT) business relief is generally not one of them. Even though the law supports HMRC’s view, property owners regularly appeal against their refusal to give relief. The tax advantages The most immediate benefit is full tax … More IHT business relief for holiday lets
The government is tackling a reform of business rates, closing a holiday lets loophole and calling for evidence prior to a report in the autumn … More Shaping the future for business rates
As making tax digital rolls out, the frequency of tax payments for SMEs is likely to change, with a consultation running until the end of July. … More Changing tax payments for SMEs
Treasury announces tax administration reform and new proposals in first-ever ‘Tax Day’. … More Tax Day – 23 March 2021
New pay later plan launched for those struggling to cover VAT bills. … More VAT deferral: new payment scheme
The Chancellor, Rishi Sunak, has delivered his 2021 budget after a year of economic turmoil caused by Covid-19 … More Budget 2021: Everything you need to know
Are you struggling to navigate the new Brexit VAT rules? … More Brexit transition leaves questions on VAT
With freedom of movement now ended between the UK and EU, recruiting workers from abroad have become more complex and time-consuming. … More Recruitment impact of new immigration rules
UK Government announces new period of national lockdown from Tuesday 5 January … More Covid-19 measures: 5 January 2021 update
Furlough and loan schemes extended … More Chancellor extends furlough and loan schemes
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