What are the latest stories impacting tax and accounting?
Whether it be news from the budget, or HMRCs digital reform plans, there are a wide range of regular news stories outlining the impact on individuals and businesses.
Stamp duty land tax surcharge on non-UK residents
With effect from 1 April 2021, a 2% stamp duty land tax surcharge will apply to non-UK residents purchasing residential property in England and Northern Ireland.
Stamp duty and stamp duty reserve tax
On...
Plastic packaging tax
A new plastic packaging tax will take effect from 1 April 2022 at a rate of £200 per tonne.
This will apply to plastic packaging produced in, or imported into, the UK that does not contain at least 30% recycled plastic.
The ...
Abolition of the ‘tampon tax'
The first headline for VAT in the Chancellor's speech came when Sunak announced that the UK leaving the EU presents an opportunity to introduce legislation applying the zero-rate of VAT to women's sanitary products.
VAT is...
Rates and allowances
The tax-free personal allowance will remain at £12,500 for the 2020/21 tax year throughout the UK.
The basic-rate band in England, Northern Ireland and Wales will stay at £37,500 and consequently, the higher-rate threshold will con...
