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Tax-News.com: UK Delays Overhaul To Tax Non-Compliance Penalties January 20, 2022
HM Revenue and Customs is reforming late-filing and payment penalties to make them fairer and more consistent across taxes. The first stage of these reforms was set to come into effect early this year. However, on January 13, 2022, HMRC postponed the effective dates by nine months to one year.
Tax-News.com: UK Announces Tax Breaks For Businesses In 2022 Budget November 1, 2021
With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget.
Tax-News.com: UK Issues Guidance On New Stamp Duty Surcharge On Non-Residents March 19, 2021
HM Revenue and Customs has recently issued new guidance on the Stamp Duty Land Tax (SDLT) on non-resident buyers of residential property in England and Northern Ireland.
Tax-News.com: EU Sizes Up Impact Of New UK Free Trade Deal February 15, 2021
The European Union has released its Winter 2021 Economic Forecast, which says that Brexit will dent UK economic growth considerably, and more than for the European Union, despite the new free trade deal between the two parties.
Tax-News.com: UK Eyeing VAT Rule Changes For Sharing Economy December 22, 2020
The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy.