TaxCalc Blog
News and events from TaxCalc
How are electric vehicles being incentivised in 2021?
The UK recently brought forward its ban on the sale of new petrol and diesel cars by an entire decade, with the ruling now slated to take effect from 2030. It came as a surprise to many when a scheme that aims to make electric vehicles (EVs) more affordable was cut.
Read more
Covid support for you and your clients
To support you in helping your clients, here are the latest updates from HMRC on the Self-Employment Income Support Scheme (SEISS).
Read more
Mandatory digital links for MTD for VAT. What to do now.
Since the introduction of MTD for VAT a ‘soft landing period’ has been in place, allowing businesses time to get their systems digitally-linked to comply with the full MTD for VAT requirements. This period enabled businesses to use ‘cut/copy and paste’ methods to move data from one system to another before filing to HMRC. From 1 April 2021, this will no longer be permitted. However, there is no need to panic. It is likely you already have everything you need to continue being compliant, or some simple adjustments could be all that’s required.
Read more
The Science Behind Compliance
We’ve all learned the necessity of compliance. Face masks, elbow handshakes, two-metre distancing, remote working, showing up for your jab – it may all be tough and go against impulse, but we understand that we need to comply with the rules. There is a cost to our society, our economy and our mental health, but putting it bluntly this is a matter of survival. If anyone is familiar with Maslow’s Hierarchy of Needs, our basic requirements are physiological well-being, plus safety and security. Though we may not agree with every single rule, we have to act en-masse to preserve our way of life.
Read more
Spring Budget 2021: The headlines
Following the budget annoucement on Wednesday, here are some key takeouts from Chancellor Rishi Sunak’s economic plan to help the UK's recovery from the COVID pandemic, its impact on businesses and individual taxpayers.
Read more
Do I need to complete an EC Sales List after Brexit
For the export of goods or the supply of services made to EU businesses on or after 1 January 2021, you will not need to submit an EC Sales List (ESL). You will have until 21 January 2021 to submit ESLs for sales made before 1 January 2021.
Read more
Changes for Reporting R&D Claims
HMRC has introduced new CT600 supplementary pages to complete for Research and Development Expenditure Credit (RDEC) and R&D enhanced expenditure (SME scheme) claims. The supplementary pages (CT600L) will be required by HMRC for all CT600 returns filed on or after 6 April 2021.
Read more
HMRC to Remove VAT100 XML Filing Service
Recently, HM Revenue and Customs shared news of changes to its IT infrastructure, involving the migration of VAT Customer Accounts to a new system. Following this migration, HMRC will decommission the current XML submission service from 8 April 2021.
Read moreHow to subscribe
Get the TaxCalc news as soon as we publish it!
To sign up, please log in or create an account.
Log inHow to comment
If you already have a TaxCalc account, you can comment on any articles written here.
To avoid using your actual name, you can create a special ID. Just log in and visit your customer account to create it.
Create your IDAuthors
Article categories
(17)
(4)
(6)
(8)
(29)
(15)
(7)
(3)
(6)
(7)
(10)
(15)
(4)
(10)
(1)
(1)
(2)
(1)
(5)
(22)
Cookie Settings