Covid-19 - Deferral of 2nd Payment on Account for 2019/20
HMRC is supporting individuals by offering an optional deferral of the second payment on account for 2019/20, from 31 July 2020 to 31 January 2021. This is an automatic offer and no application is required. No interest or penalties will be charged, so long as both the 2nd payment on account and any balancing payment for the year is made by 31 January 2021. It is not necessary ...
01 Jun 2020
Covid-19 - Residence Exceptional Circumstances
UK There is a relaxation to the residence day counting rules if you have been forced to spend days in the UK due to Exceptional Circumstances. Up to 60 days a year can be counted as being here under Exceptional Circumstances and therefore not counted as residence days. Note that workdays are never counted as being for Exceptional Circumstances, so it is not possible to say yo ...
29 May 2020
2020 Budget Summary
The 2020 Budget contained a number of areas of interest for our individual and employer clients. Particular areas of note are: Lettings Relief – With effect from 6 April 2020, Lettings Relief will only apply where the owner of a property is in shared occupancy with a tenant Pensions – Adjusted income and threshold income have been raised by £90,000 for 2020/21 onward so fewe ...
12 Mar 2020
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