Employees can claim Tax Relief for working at Home due to Coronavirus HMRC have confirmed that employees can claim tax relief for working at home due to Coronavirus for the 2020/21 and 2021/22 and tax years. HMRC have an online portal allowing individuals to make the...
Legal restrictions in place in respect of Covid-19 will start to end on Monday 19 July in England, Wales and Scotland. Each country is taking a slightly different approach to timings and some of the detail around what is required, but in all countries, ‘Freedom...
Keeping on top of property taxes within the UK over the last year has been tricky for all. Our Senior Tax Manager, Lucy Orrow, published two video updates in May 2020 looking at Capital Gains Tax (CGT) reporting and changes to Principal Property Residence Relief (PPR)...
It has been a requirement for some time that if a trust is liable to pay any tax, then the trust must be registered on the HMRC Trust Register. HMRC have now released guidelines outlining the requirements for trustees of non-taxable trusts to also register. The trial...
‘Beat the tax rises!” – this was the headline of one of the next day articles after the Chancellor’s Budget earlier in the year. It was an article by Taha Lokhandwala, which started very sensibly by starting up the freezing of allowances and the...
A number of benefits can be provided by employers to their staff without creating a taxable benefit in kind on the employee. These include: Trivial benefits in kind –the benefit cannot be cash, the cost does not exceed £50 and it is not provided in recognition of...
