Northern Ireland / All

It is now 6 months since the new VAT and Customs regime between Ireland (as well as all other EU Member States) and the UK came into effect.

The Government’s recently announced Economic Recovery Plan includes a number of welcome tax and non-tax measures focused on the continued recovery of our economy.

The United Kingdom (UK) Government has published a second consultation on notification of uncertain tax treatments by large businesses.

Reminder that U.K. employers must register any new reportable arrangements and file all Employment Related Securities annual returns with the U.K. tax authorities on or before 6 July 2021.

In this article, Sara Hamill, Tax Director and Johnny Hanna and Mathew Scott, Tax Partners from our KPMG Belfast tax practice, outline the key tax aspects of the UK Budget 2021 and their potential impact for businesses operating in Northern Ireland.

Making Tax Digital is part of the HM Revenue and Customs’ plan to become one of the most sophisticated tax authorities in the world. It also aims to close the “tax gap”, the difference between what taxpayers are due to pay and what actually gets paid.

Chancellor extends Job Retention Scheme (JRS) to 30 September 2021.

What does the Budget mean for you and your business?

The basis on which HMRC in the UK will ensure organisations comply with the new off-payroll working rules from 6 April 2021 has been published.