30-day reporting reformCertain gains on UK-sited property are currently subject to accelerated CGT reporting and payment deadlines of 30 days. Following a recommendation by the Office of Tax Simplification, the deadline is being increased to 60 days with immediate effect,… Read more
Q. My mother gave my daughter £5,000 on 1 May 2016. She had not made any other gifts in previous years. Unfortunately my mother passed away on 1 September 2020. How much of the gift she gave to her granddaughter… Read more
In the Government’s Summer Update on 8 July 2020, the Chancellor announced a six-month reduction in the VAT rate on supplies of food and non-alcoholic drinks from restaurants, pubs, bars and cafes, as well as to supplies of accommodation and… Read more
Protect, support and create jobs… The chancellor Rishi Sunak unveiled a package to kickstart the economy’s recovery. HIGHLIGHTS A £1,000 Job Retention Bonus will be introduced when the Coronavirus Job Retention Scheme ends for employees who have been furloughed. A… Read more
Q. I have been contacted by coronavirus (COVID-19) Test and Trace. Am I eligible for statutory sick pay (SSP) from my employer? A. Under the test and trace system that launched on 28 May, a person who has been notified that… Read more
