No late filing penalty if self assessment tax return filed by 28 February 2021, but interest will still be charged on any outstanding liabilities. More time to file your online return and make Time To Pay arrangements.
Following Rishi Sunak’s economic statement to the House of Commons on 11 Jan 2021, Craig Simpson, tax partner at Bates Weston, looks at the tax changes that may be ahead in the Budget on 3 March 2021.
The use of Employee Ownership Trusts (EOT) by private companies has seen a considerable rise in 2020 and is expected to continue into 2021. But are they right for your company?
Bates Weston’s tax team update and co-author Tolley’s Tax Planning for Owner Managed Businesses 2020-21.
Richard Coombs considers HMRC’s updated guidance on collecting any residual tax due as a result of the loan charge.