The government’s new plastic packaging tax (PPT), intended to combat the use of single-use plastic and encourage greater reliance on recycled plastics, will come into force on 1 April 2022, explains Grace King, indirect tax manager at RSM
The tax collected from individuals breaching the lifetime allowance on pension pots has increased by 1,068% in the last decade surging to £342m in the 2019-20 tax year
The Institute of Financial Accountants (IFA) has warned its members that they risk having their tax agent codes revoked by HMRC should they fail to provide up to date documentation concerning anti-money laundering legislation (AML)
In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates for PAYE cheque payments, corporation tax instalments, VAT returns, and Making Tax Digital (MTD)
In this month’s VAT updates, Graham Elliott assesses VAT liability in Hotel La Tour case over input tax on costs of sale of subsidiary company, 28-day rule in YMCA case and overseas company VAT claims
More than 10.2 million taxpayers filed their 2020/21 tax returns by the 31 January deadline, down 500,000 on the previous year, leaving 2.3m taxpayers failing to file on time, HMRC has confirmed
In this week’s Q&A, Croner Taxwise VAT advice consultant Sally Atkins, considers whether VAT needs to be charged on work handling self assessment tax returns for overseas based clients
The European Court of Justice has ruled that a company cannot recover input tax worth £415,000 on supplies from the Royal Mail which had been incorrectly treated as exempt from VAT when in fact they were taxable
Boris Johnson and Rushi Sunak have pledged to go ahead with the upcoming 1.25% rise in national insurance for employees and employers from April, saying it is a progressive tax
The government is reviewing the tax relief which allows employees to claim up to £125 a year if they work from home after it has cost the taxpayer £500m over the course of the pandemic
HMRC commissioned research into tax free childcare payments has raised issues about awareness of the scheme with many parents put off claiming for the scheme due to a lack of understanding about eligibility
The deadline for applications for the Economic Resilience Fund (ERF), the Welsh covid grant scheme, is fast approaching, warns accountants Kilsby Williams
Signing up as an Airbnb host may seem like an easy way to earn additional income but it is important to understand the tax liabilities, says Tim Walford-Fitzgerald, private client partner at HW Fisher
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