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According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief (FTBR).

The Economic Affairs Committee has warned HMRC that small businesses 'could pay a heavy price' for Making Tax Digital for VAT (MTDfV).

The Office of Tax Simplification (OTS) has published the first of two reports on inheritance tax.

The government has published a collection of documents in preparation for the scenario of the UK leaving the EU without a Withdrawal Agreement a so called no deal' Brexit.

HMRC has warned that university students are being bombarded with fake tax refund emails.

Some employers may wish to give a small gift to their employees.

While gender parity may have been achieved on paper - since 2010, women's pension age has been gradually rising from 60, where it has been set since the 1940s, to equalise with men - retirement outcomes remain shockingly unequal.

The Chancellor left capital gains tax (CGT) broadly unchanged in the 2018 budget but has tweaked rules on tax relief for entrepreneurs by extending the qualifying period of the tax break from 12 months to two years, with the aim of encouraging longer-term investment in British business.

When you sell a property, you may have to pay capital gains tax (CGT) if you have let it out.

The borrowing costs of UK households and businesses may rise in the event of a no-deal Brexit, the Bank of England has warned.

Pensioners have cashed in a record £5.

Many breathed a sigh of relief after the Budget announcements, given that the widely expected tax rises to pay for the NHS did not materialise.

Higher earners have six months left to take advantage of a quirk in the pension rules that allows them to double up on their tax relief.

After a grim October, markets around the world appear to have stabilised a touch, primarily on the back of growing optimism around the US/China trade dispute.

Here at Prime we take pride in supporting local organisations, so therefore took the opportunity to once again sponsor an award at the Solihull College & University Centre's graduation ceremony.

The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018.

A number of changes to capital allowances were announced at the Budget, including an increase in the Annual Investment Allowance (AIA), for two years to £1 million, in relation to qualifying expenditure incurred from 1 January 2019.

The government announced, as part of the Budget, that some changes are being made to the rules for Entrepreneurs' Relief (ER) with immediate effect for disposals on or after 29 October 2018.

HMRC has opened the Making Tax Digital for VAT (MTDfV) public pilot.

HMRC has issued the October 2018 Employer Bulletin which contains a number of articles relevant to employers on payroll related issues.

At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.

HMRC has issued a Partnership Pack to help businesses carry out contingency planning and to help their customers, members and clients to: 

• think about how they will need to adapt their business to comply with new systems, processes and controls
• assess the impact of the increased demand for customs declarations on their business
• consider whether they need to recruit and train additional staff
• stay up-to-date with these changes

Meanwhile the Confederation of British Industry (CBI) reports that 'patience is now threadbare' amongst UK businesses in regard to the government's progress in its Brexit negotiations with the EU.

With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush.

We are delighted to announce that Prime have acquired Birmingham based firm Rochesters Chartered Accountants.