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In preparation for the 130% ‘super-deduction’ for companies coming to an end on 31 March 2023, other alternatives are being considered in an attempt to continue encouraging investment from April 2023. In the meantime, remember to talk to us about the reliefs potentially available (to companies...
If you are notifying HMRC of a decision to opt to tax land and buildings, you are normally required to notify HMRC within 30 days. The 30 day deadline was temporarily extended to 90 days to help businesses and agents during the pandemic, but that...
Draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year. The proposed new rules provide that from 2023/24 onwards profits or losses will be apportioned to tax years where the period of account...
As part of the governments Health and Social Care proposals, an increase of 1.25% to all current dividend tax rates has been announced with effect from 6 April 2022. The increase will apply to all taxable dividends outside of the personal allowance and dividend allowance. Current...
There has again been much lobbying from the small business sector to reduce business rates to enable traditional retailers in particular to compete with internet traders. The Chancellor announced a long term review of the future of business rates, but in the meantime there are some...
The Government are predicting that up to 20% of the workforce may be unable to work due to Coronavirus at any one time. It had already been announced that employees would be entitled to Statutory Sick Pay from day 1 not day 4. It was announced in...
Rishi Sunak received a “hospital pass” when he was appointed Chancellor and was required to deliver the first Budget in nearly 18 months within a month of his appointment. He announced extra spending on roads, rail, broadband and other infrastructure projects as well as extra...