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Latest from HMRC and Financial News

Important Financial News, information and advice that may affect your tax and accounting position.

By Brilliant Accountants

Latest hot topics and trending

Digital Tax
A general round up of current issues doing the rounds from various sources, Established on going topics featured include Making Tax Digital and IR35 whilst trending subjects such as electric vehicles get a mention.

Current Tax/NI Rates & Thresholds

New Tax Year Rates and thresholds 2019
A useful resource for individuals, Employees and Employers summarising all the latest tax allowances and thresholds. Unless otherwise stated, these figures apply from 6 April 2021 to 5 April 2022.

Autumn Budget Summary

UK Budget Summary 2021
Our summary of the main points of the Chancellors latest budget. Contains Information relating to Individuals, Employees and Employers. Please note that some items are still to be rubber stamped and or we await furth...

Where are HMRC at with MTD?

What is Making Tax Digital?
Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers. Making Tax Digital for business has already begun with MTD for VAT.

Top 10 worst tax return excuses

Making Tax Digital (MTD) VAT, Changes
HMRC revealed some of the worst excuses submitted last year for late tax returns. The 10 worst excuses for missing the 31 January Self Assessment deadline were revealed.

What is Tax Avoidance

What is Tax Avoidance
Tax avoidance involves bending the tax rules to try to gain a tax advantage that was never intended. Tax avoidance does not pay, as most schemes do not work.

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