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The UK’s economy experienced the largest monthly contraction on record in April 2020, shrinking by 20.4%.
The domestic reverse VAT charge for construction services has been delayed until 1 March 2021.
Only employees who have been furloughed for at least three weeks on or before 30 June 2020 are eligible for the final phase of the scheme.
Recipients of self-employed income support grants may not realise they are taxable, a tax group has warned.
Bodies representing UK businesses have described their relief after the job retention scheme was extended until 31 October.
UK businesses have claimed more than £22 billion in Government loans and guarantees to support their cashflow during the coronavirus crisis.
The UK is likely to be in the deepest economic recession since records began after gross domestic product (GDP) contracted by 5.8% in March 2020.
HMRC has relaxed rules that usually restrict reimbursement for spending on office equipment for the rest of 2020/21.
VAT rules for food and drink in the UK are “overly complex” and in need of reform, the Association of Taxation Technicians (ATT) has claimed.
HMRC intends to contact millions of people who are eligible for the self-employed income support scheme this month.
A petition calling on the Government to relax the criteria for self-employed people to access income support during the coronavirus crisis has received more than 340,000 signatures.
HMRC has deferred rolling out the second phase of Making Tax Digital (MTD) for 12 months due to the coronavirus.
The Government has delayed extending the off-payroll working
rules to the private sector, as the UK fights to contain the
Most small businesses in England will pay no business rates in
2020/21 in the wake of the coronavirus outbreak in the UK.
The point at which tapering of the annual pension allowance
kicks in increases by £90,000 for both threshold income and
adjusted income in 2020/21.
The amount of capital gains tax small business owners can
potentially save when they sell their business has been cut by
90% for 2020/21.
Almost a million taxpayers missed the self-assessment deadline on 31 January, despite record numbers of compliance.
The Scottish Government has decided to freeze all income tax rates, plus the higher and top-rate thresholds, for 2020/21.
The Government is to press ahead with extending the off-payroll rules to the private sector next month, following the publication of a controversial report.
The Treasury is to raise the National Insurance threshold for 2020/21, saving the average employee around £104.
Thousands of taxpayers used the Christmas break to file tax returns for 2018/19 through self-assessment.
An eagerly anticipated report into the controversial loan charge has provided respite for thousands of people.
The hourly national living wage rate for over-25s will increase from £8.21 to £8.72 for 2020/21.
Struggling retailers experienced their worst year on record for annual sales in 2019, according to figures published by the British Retail Consortium (BRC).
A quarter of small business owners in the UK believe their company will fold in the next four years, research has claimed.
The planned extension of the new off-payroll rules to the private sector will be included in a review into how the new government can provide better support to the self-employed.
High earners could face large tax bills if they fail to declare pension contributions on their 2018/19 tax returns, according to a report.
The new government intends to announce the 2020/21 tax rates, bands and allowances in a full Budget next month.