Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.
Updated 23 February Did you miss the Self Assessment deadline of 31 January this year? As we know, the past year has been anything but normal and the Self Assessment deadline was no different. On 25 January HMRC announced that Self Assessment customers will not receive an automatic late filing penalty if the deadline was missed […]
Overview Global equity markets continued to rally Value stocks had their best quarter since 2009 The impact of vaccine announcements overshadowed those of further lockdown measures Low returns on government bonds expected to continue. Equities Following last quarter’s rebound, equity markets continued to rally in the fourth quarter of 2020. In spite of government action […]
It’s been almost 2 years since HMRC introduced the first phase of Making Tax Digital (MTD) for VAT registered businesses with a turnover above the VAT threshold of £85,000. Although the pace of the wider ‘Making Tax Digital’ strategy rollout has been slowed by the impact of COVID-19, you should be aware of the key […]
It’s probably safe to say that Rishi Sunak will be looking for ways to answer the “someone’s got to pay for it” question surrounding the incredible amount of money that has been borrowed to fund the COVID-19 crisis. Informed estimates suggest the government is going to have to raise around £40 billion a year. One […]
The Government has confirmed that in 2028 it will increase the age at which people can access their pensions from 55 to 57. Under current pension freedom rules, introduced in 2015, individuals aged 55 and over can choose how and when they can access their savings. However, the government said in an answer to a […]