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The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.

In a new consultation HMRC has confirmed that Making Tax Digital for corporation tax (MTD for CT) will not be implemented until 2026 'at the earliest'.

HMRC is warning self assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline.

Increased minimum wage rates have been announced to take effect from 1 April 2021.

HMRC has confirmed that they will accept a virtual Christmas party as an event which is capable of falling within the tax exemption rules for annual functions.

It is time to prepare for the end of the Brexit transitional period.

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

HMRC's guidance on how to pay VAT payments deferred between 20 March and 30 June 2020 has been updated.

For claim periods starting on or after 1st December 2020, employers cannot claim CJRS grant from the government to cover 80% of furlough reference pay salary for any days on or after 1st December 2020 during which the furloughed employee was serving a contractual or statutory notice period.

On 9th November, we received notification that Companies House will stop sending paper reminder letters regarding accounts and confirmation statements.

HMRC has published the latest issue of the Employer Bulletin.

Self assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments.

Chancellor Rishi Sunak has announced approved additional funding for cash grants to support businesses required to close in England due to the lockdown.

The government has increased the support available to self-employed workers and extended its emergency business loan schemes as the UK heads for a second national lockdown.

HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home.

From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc.

Chancellor, Rishi Sunak, has announced today that the Coronavirus Job Retention Scheme will be extended until 31 March 2021:

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