Latest news
Capital Gains Tax Changes
As discussed when we reported on the Autumn budget announcement, anyone selling a property is affected by changes to the Capital Gains Tax. Previously there was a window of 30 days for taxpayers to report gain and pay tax owed from selling a property. If the property was sold between 6th April 2020 to 26th October 2021, you would
Right To Buy
It has been suggested the government is considering relaunching Thatcher’s infamous Right To Buy scheme. The Right To Buy scheme helped nearly 2 million people in England buy their housing association properties and become home owners. In 1980, the flagship policy ‘Right To Buy’ Scheme was introduced and allowed tenants to buy their home at a discounted rate. More
Spring Statement 2022
Spring Statement – Key points The Spring Statement was announced at the end of March. Below we have condensed Rishi Sunak’s announcement into key points that may affect you or your business. Cost of living The Spring Statement acknowledges the Consumer Prices Index inflation has risen to a 30-year high in recent months. This has primarily been driven
Tax Rebate
“Tax rebate” is searched over 40,000 times a month. Why? Because there is a lack of clarity over what can be claimed, by who in which industries, and most importantly, how. A bit like PPI there’s always a company online who can do it for you… but at what cost? There is a tax rebate available for most industries
Making Tax Digital Registration Reform
In July 2020, the government published a 10-year strategy to build a trusted, modern tax administration system, including how taxpayers are identified and registered by HMRC. The government is seeking views on how and when taxpayers with new sources of self-employment or property income should start to interact with the tax system and whether current processes can be updated
Tax-Free Childcare
HMRC is reminding parents across the UK of the ‘Tax-Free Childcare’ initiative. A 20% childcare top-up providing eligible families with up to £500 every three months (that is up to £2000 per year, or £1,000 every 3 months if your child is disabled) This is designed to go towards the cost of holiday clubs, before and after-school clubs, childminders
HMRC Self Assessment Deadline
HMRC Self Assessment Deadline Extension: Penalties Waived HMRC have announced on 6th January 2022 they are waiving late filing and late payment penalties for Self-Assessment taxpayers for one month this January 2022 – offering you extra time to complete your 2020 to 2021 tax return and pay any tax due. Of course, Robinsons along with HMRC suggest you file and
Accounting made simple
Accounting can be time consuming – let’s face facts. With the New Year finally upon us, we’ve taken the opportunity to make a list of small(!) changes we can all make, to help take the strain out of doing business accounts. Designed for freelancers and SME’s, the Robinson’s North London team are on hand to help, all year round, because
Autumn Budget 2021
On 27th October, Rishi Sunak announced the Autumn Budget 2021. Due to the scale of the economic damage, whilst Sunak acknowledged that the pandemic isn’t over, he said the Autumn Budget would be a starting point for a post-Covid ‘age of optimism’. He made major announcements on corporation tax, alcohol tax, minimum wage & airline passenger duty (APD). The big
Dividend Tax Rise & Rates
The prime minister announced on 9th Sept 2021 a 1.25% Dividend Tax rise from 6 April 2022, and a rise in National Insurance Contributions (NICs) by way of a new Health and Social Care Levy. The government said the move would raise an additional £600m a year. The new dividend tax rates, which will apply across the UK, are: Tax
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