Opt-in to vat deferral new payment scheme by 31 March 2021, personal allowance and higher-rate threshold to increase 0.5%, changes to prompt-payment code aim to end late payments and record number miss self-assessment filing deadline due to COVID-19. Read more.
The witnessing of wills over video-conferencing platforms in England and Wales has been temporarily legalised, the Government has confirmed. The law still requires a will to be made “in the presence of” at least two witnesses to be legally valid…
The Government has called for a comprehensive review of the capital gains tax system. Chancellor Rishi Sunak has commissioned the Office for Tax Simplification (OTS) to review how asset sales are taxed. Capital gains tax applies on the sales of…
The UK’s economy experienced the largest monthly contraction on record in April 2020, shrinking by 20.4%. The sharp fall in GDP came as the UK spent its first full month in lockdown to try and halt the spread of COVID…
Bodies representing UK businesses have described their relief after the job retention scheme was extended until 31 October. Chancellor Rishi Sunak said the Government will continue to pay the wages of workers on leave because of coronavirus. Furloughed employees, therefore…