LITRG calls for a rise in the High Income Child Benefit Charge threshold

The Low Incomes Tax Reform Group (LITRG) has urged the government to raise the High Income Child Benefit Charge (HICBC) threshold to avoid it affecting basic-rate taxpayers for the first time in …

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 March 2021.

The guidance states: 'You can use the previous rates for up to one month from the date the new…

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UK cuts electric vehicle grants by £500

The government has cut the Plug-in Car Grant and Van & Truck Grant by £500 and lowered the pricing cap on qualifying electric vehicles.

The Department for Transport will now provide grants…

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Trade credit insurance scheme to close

The temporary Trade Credit Reinsurance (TCR) scheme that helped struggling supply chain firms secure insurance protection during the pandemic will close at the end of June, it has been confirmed.

In…

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Property tax changes

From 1 July 2021 there are changes to the Stamp Duty Land Tax (SDLT) and Land Transaction Tax (LTT) bands for residential property.

SDLT is payable by the purchaser in a land transaction…

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Claiming the fifth self-employed Income Support Scheme (SEISS) grant

HMRC has issued guidance on claiming the fifth and final self-employed Income Support Scheme (SEISS) grant.

Unlike previous SEISS grants the amount of the fifth grant available is determined…

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 September 2021.

The guidance states: 'you can use the previous rates for up to one month from the date the…

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Chancellor delivers Budget to lay foundation for a strong economy

On 27 October, Chancellor Rishi Sunak delivered a Budget to ensure the UK economy bounces back following the coronavirus (Covid-19) pandemic.

The Chancellor announced that total departmental…

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Costs 'weighing on businesses' sustainability intentions', FSB finds

A report published by the Federation of Small Businesses (FSB) has revealed that the costs associated with going green have impacted small firms' plans for becoming more sustainable.

The FSB's…

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