The government has announced two new support packages aimed at helping companies driving innovation and development to continue to operate through the coronavirus outbreak. Research and Development The UK already has generous tax reliefs for companies carrying out Research and Development (R&D) activities, and has now announced an additional support package aimed to help Small […]
In the current “lockdown” environment enforced by the government in response to Covid-19, there has been a huge rise in the number of people working from home instead of heading into the office every day. It’s fair to say the Charter Tax “office” dogs are very happy with the new working arrangements, and are delighted […]
Advice for Employers As reported in our earlier news articles, the government has announced a number of support measures aimed at helping employees. The guidance on these measures has been slowly emerging since the schemes were originally announced, and this help sheet aims to summarise the information currently available. In particular breaking news announced today (17 April) […]
As promised, Rishi Sunak has today announced the Government’s package to support the self-employed while the country is on “lockdown” due to the spread of the Coronavirus, with a view to equalising the support available to the self-employed and Employed. Rishi described the package as “one of the most generous in the world that […]
Coronavirus Help Sheet In the ever evolving developments of the world’s fight against Coronavirus (COVID-19), you will no doubt have seen that the UK government are releasing measures to support businesses and individuals. Although the help available is updated regularly, with new measures introduced daily, we have summarised below the current measures that are available: […]
HMRC is giving information to customers to help them avoid scams ahead of the Self Assessment deadline. Published 20 November 2019 Download the PDF From: HM Revenue & Customs (https://www.gov.uk/government/organisations/hm-revenue-customs) HM Revenue and Customs is warning millions of Self Assessment customers to be aware of fraudsters in the run up to the 31 January deadline. […]
Finance Act 2019 introduced some quite significant changes to the taxation of UK property that is owned by non-residents.We have set out below a brief overview of the current position and the key changes; however, we will be happy to discuss these with you in more detail as to their impact on your particular circumstances.IndividualsIncome […]
BackgroundHMRC is bringing in its Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Regulations have been issued which set out requirements for MTD for VAT.Under the new rules, businesses with a turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes […]
Taxpayers with overseas assets: What you need to know Time is running short for taxpayers with overseas interests to ensure they are meeting their UK tax obligations. Under the new rules – which come into effect on 30 September – those with offshore assets such as holiday homes may incur costly penalties if they aren’t […]
100 word speed readThe Treasury Sub-Committee has launched a call for evidence on the powers given to HMRC in the last five years to tackle tax evasion and tax avoidance schemes, and is inviting responses by 31 May and readers are encouraged to provide feedback to the questions posed. A review of the measures introduced […]