We've summarised the key announcements and policies in the budget that will affect solicitors and their firms.
We welcomed news the government will prevent a cliff edge end to the stamp duty land tax (SDLT) holiday by tapering the scheme.
We responded to HM Treasury's consultation about the detailed design features of a proposed new UK regime for asset holding companies.
If you deferred your VAT payments due to COVID-19 and have not yet paid the tax due, you now have three options.
Firms need to check whether they need to register as doing tax advice work to fulfil their obligations under the money laundering regulations.
Solicitor firms could face enforcement by the SRA if they do not register their tax advice work under new anti-money-laundering obligations.
The portal for DAC 6 reporting to HMRC is now open, with the first reporting deadline falling on 30 January 2021.
Solicitors should discuss clients' expectations of completing before the stamp duty holiday deadline to avoid people losing money and being left disappointed.
We’ve been informed by HM Revenue and Customs that reporting under DAC 6 will be required for a limited time for arrangements that meet hallmarks under category D.
We're urging consumers to have realistic expectations about achieving their dream move before the looming stamp duty holiday deadline.
We've responded to HMRC's consultation on the draft Stamp Duty Land Tax (Administration) Regulations 2021.
We have responded to HM Treasury's call for evidence regarding businesses that utilise VAT grouping provisions.