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Government pledges additional financial support for flooding victims February 26, 2020

The government has pledged thousands of pounds in additional financial support for victims of the recent floods. Businesses in England affected by the floods will be eligible for 100% business rates relief for at least three months, the government announced. It also stated that small and medium-sized enterprises (SMEs) that have experienced severe, uninsurable losses
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Small landlords exiting buy-to-let market February 20, 2020

Smaller landlords are exiting the buy-to-let market following cuts to tax relief, according to research from estate agency Hamptons International. The research found that the number of landlords operating in the UK fell to a seven-year low of 2.66 million in 2019. Hamptons International’s Monthly Lettings Index found that the landlord count has dropped 8%
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HMRC carries out fewer dawn raids February 20, 2020

The number of dawn raids carried out by HMRC on individuals and businesses dropped last year, according to data published by law firm Pinsent Masons. HMRC raided 1,082 homes and businesses in 2018/19 as part of criminal investigations into tax evasion. However, the number of unannounced visits was down from the 1,482 recorded in 2017/18.
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Low take-up of TFC linked to poor understanding of scheme February 20, 2020

Research commissioned by HMRC has suggested that low take-up of the Tax-Free Childcare (TFC) scheme is linked to a ‘poor understanding’ of the initiative. Under the TFC scheme, relief is 20% of the costs of childcare, up to total childcare costs of 10,000 pounds per child per year. The scheme is therefore worth a maximum
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HMRC announces off-payroll changes will not be applied retrospectively February 13, 2020

HMRC has announced that changes to the off-payroll rules will only apply to payments made for services provided on or after 6 April 2020. The announcement comes ahead of the publication of the government’s review into the expansion of the off-payroll rules into the private sector. In 2017, HMRC introduced new off-payroll rules to the
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