Businesses urged to reclaim EU VAT before Brexit

Businesses that need to claim back VAT on expenses from working in the EU are being urged to do so before the planned date for Brexit. The Chartered Institute of Taxation (CIOT) is urging businesses to submit their claims for 2018 by 5pm on 29 March 2019, to avoid...

DWP launches mid-life MOT website

The Department for Work and Pensions has launched a website promoting ‘mid-life MOTs’ for people to assess their career plans, financial situation, and physical health. The portal includes a link to the Government’s Check your State Pension service, alongside guidance...

Pressure builds for MTD delay

Two leading professional bodies have joined the Lords Economic Affairs Committee in calling for the Government to delay the introduction of Making Tax Digital (MTD) for VAT by one year. The Chartered Institute of Taxation (CIOT) and the Association of Taxation...

Retail sales increase in January

Retail businesses have seen an increase to sales in January 2019, bouncing back from a decline over Christmas. Data from the Office for National Statistics shows the quantity of goods sold increased by 1% on the previous month, after falling by 0.7% in December 2018....

Probate charges set to increase

Affluent families in England and Wales face paying probate charges of up to £6,000 from April 2019 after ministers confirmed it as a fee rather than a tax. Families currently pay a flat fee of up to £215 to obtain the grant of probate needed in England and Wales to...