Capital or debt?
What is the difference between capital and debt, and why is the distinction important? One important distinction is that Read more..

What is pensions credit?
Pension Credit is an income-related benefit made up of 2 parts - Guarantee Credit and Savings Credit. Guarantee Credit tops Read more..

Claiming Self-Employed Income Support Scheme grants
Under the third Self-Employed Income Support Scheme (SEISS) grant, claimants received up to 80% of average trading profits Read more..

Inheritance Tax - tax-free gifts
We wanted to remind our readers of the Inheritance Tax (IHT) implications of making cash gifts during the current tax 2020-21 Read more..

Capital Gains Tax exemptions
As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited Read more..

Government to publish range of tax consultations
In a recent HM Treasury press release it has been confirmed that the government will publish a number of tax-related Read more..

VAT Agricultural Flat Rate Scheme
Businesses that use the flat rate scheme pay VAT as a fixed percentage of their VAT inclusive turnover. The VAT Agricultural Read more..

Outcome of the Uber case
The Supreme Court has handed down a landmark judgement in the Uber case. The Supreme Court unanimously upheld the decisions Read more..

Tax Diary March/April 2021
1 March 2021 - Due date for Corporation Tax due for the year ended 31 May 2020. 2 March 2021 - Self-assessment tax for Read more..

Emerging from lockdown
The Prime Minister has set out the government’s objectives for easing lockdown restrictions. If the planned opening of Read more..

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