Penalties for late submissions to HMRC
A recap of HMRC’s proposals to reform the penalties for late submissions to a points based system.
Tax Administration Framework Review
The ICAEW comments on the Tax Administration Framework Review consultation which closed on 13 July 2021.
Trusts v Family Investment Companies
Are Family Investment Companies (FICs) the best way to preserve family wealth or do trusts still have the edge?
Capital Gains Tax Review – Second Report
A short summary of the first and second reports on the Capital Gains Tax Review published by the Office of Tax Simplification and the outlook for CGT from our tax team.
Capital Gains Tax speculation
Conspicuous by its absence in the Budget, speculation continues on the possible changes ahead for Capital Gains Tax. What has the Office of Tax Simplification recommended so far?
Self Assessment taxpayers will not face late filing penalty, if filed online by 28 February
No late filing penalty if self assessment tax return filed by 28 February 2021, but interest will still be charged on any outstanding liabilities. More time to file your online return and make Time To Pay arrangements.