Due to the coronavirus outbreak, the UK government has announced that there is now no requirement to make a second payment on account for the year ended 5 April 2020, which was previously due for payment on 31 July 2020. Normally taxpayers pay their tax in two installments – one...
Do I need to complete a self-assessment tax return?
This is one of those perennial questions we are asked by clients, typically buoyed on by the rash of government...
Extension of IR35 Legislation to the Private Sector is Damaging
The impact of new IR35 legislation, which is being introduced in April 2020, may stretch far beyond the individuals it...
Capital Gains Tax (CGT) Reporting & Payment Changes
From 6 April 2020 individuals, trustees and personal representatives realising a taxable capital gain from the sale or other disposal...
Higher Rate Taxpayers Pension Relief
The recent self-assessment tax return deadline has once again highlighted an issue for higher-rate taxpayers regarding pension relief on contributions,...
Haggards Crowther mirrors the national picture with a record year for new company formations in 2019
In January, The Centre for Entrepreneurs released data from Companies House showing a record number of new businesses were started...
Changes to emissions calculations mean no BiK tax next year for electric cars
Following a move to new emissions regulations, electric car owners will not have to pay any Benefit-in-Kind (BiK) tax during...
Businesses urged to avoid complacency over Making Tax Digital leniency
There have been numerous reports in the press regarding the leniency shown to businesses that failed to file their VAT...
Pension Contribution Tapering
The annual allowance lets individuals currently contribute up to £40,000 to their pension fund each year and receive tax relief...
