Businesses that wish to defer VAT return payments must ensure that they cancel their direct debit in good time for VAT returns that are due on Thursday 7 May, warns the Chartered Institute of Taxation (CIOT).
Some house buyers could miss out on being able to claim a refund for a property tax charge if they have been unable to sell their old home because of the COVID-19 pandemic, the Chartered Institute of Taxation (CIOT) has said.
The Low Incomes Tax Reform Group (LITRG) has welcomed HMRC’s announcement that the tax authority are setting up an online 'whistle-blower' service for workers to use to report employers who abuse the system.
Self-employed people yet to submit their 2018/19 self assessment tax return have until 23 April 2020 or risk missing-out on potential financial support from the Government during the COVID-19 outbreak, says the Low Incomes Tax Reform Group (LITRG).
The Chartered Institute of Taxation (CIOT) is urging employers to consider supporting employees working from home because of the Coronavirus outbreak with a tax-free payment equivalent to over £300 per year to help with the costs of higher household bills.
The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation has published a new section of its website bringing together all of the Group’s tax and related benefit guidance relating to the coronavirus (COVID-19).
The Chartered Institute of Taxation (CIOT) welcomes the announcement that, in the light of the impact of COVID-19, the digital links requirement of Making Tax Digital for VAT will be deferred by 12 months to 1 April 2021.
The Low Incomes Tax Reform Group is highlighting that there is a lot of well-meaning but incorrect information about Statutory Sick Pay on the internet and it is important that people use trusted sources to confirm their position.