(01233) 653500 (01233) 653500

Monday to Friday
from 08:30 to 17:00
Our products

Tax Update 2021

A Tips & Advice Special Report about...

In a nutshell

This Special Report includes announcements on and changes to UK tax law and those in the pipeline up to and including the Finance Act 2019 and Finance Bill 2020. It includes new measures for all the main taxes as well as anti-avoidance legislation. It explains the most important changes in plain English with examples to help you apply them in practice. Using our practical advice will help you avoid costly traps.

In detail

Our Special Report looks at all the key aspects of the latest changes including:

  • Deferred payments and other coronavirus tax measures
  • IR35 and off-payroll contracts – effects of the new delay
  • Name change and new rules for entrepreneurs’ relief
  • New reporting and payment requirements for CGT
  • Latest news on the loan charge
  • Changes to the rate and conditions of the employment allowance
  • Company cars - new zero and low rate charges for low emissions
  • Increased rate for homeworking allowance
  • Extension of the intangible fixed assets regime
  • Revised rules for pension annual allowance tapering
  • Construction industry VAT scheme
  • VAT – EU cross border transactions
  • New ISA limits

With this Special Report, you'll know the dos and don'ts and the the consequences of the new rules for you and your business. It's all you need to play it safe without paying a penny more in tax than you have to.

We've created this Tips & Advice Special Report especially for... 

Company owners and directors, in-house accountants and individuals that want to:

  • Get a clear view of the new tax rules
  • Keep their business and/or personal tax bill down

Tax advisors and accountants that want to:

  • Get to grips with the new tax rules
  • Help their clients save tax

You'll get the following free extras with this Tips & Advice Special Report... 

An online service with ready-to-use documents

  • To immediately apply our advice and solutions in practice
  • That you can easily adapt to suit your own requirements

In this Tips & Advice Special Report you'll read about...

Business taxes

Self-assessment tax payments

Corporation tax (CT) rate

Off-payroll working (IR35)

Capital allowances

Research and development credit

Intangible fixed assets

Companies - carry forward losses

Losses due to coronavirus

Personal taxes

Income tax rates and allowances 2020/21

Scottish taxpayers

Welsh taxpayers

National Insurance contributions


Top slicing relief on income gains

Tax efficient investments

HMRC rate of interest

Loan charge


Employment taxes

Employment allowance

Termination payments

Student and postgraduate loans

Care leavers

Flat rate expenses tax deduction

NI holiday for employers of veterans

Therapy exemption - minor benefits

Capital gains tax

Annual exemption

Entrepreneurs’ relief

Property gains

Property taxes




Deferred VAT payments

VAT returns 

Making Tax Digital - digital links

VAT and digital publications

Reverse charge for builders

UK EU cross border transactions

VAT agricultural flat rate scheme

Other tax changes

Automatic issue of HMRC notices etc.

Limited liability partnerships

Vehicle excise duty (VED) rates for cars etc.


Appendix 1 – Table of income tax rates

Appendix 2 – NI rates and thresholds

Appendix 3 – Guidance on the defnition of threshold and total adjusted income

Appendix 4 – Template elections

Appendix 5 – Intra-EU supplies

Appendix 6 – VED rates