Latest posts
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Spring Budget 2024: What can we expect to see?
Jeremy Hunt’s Spring Budget 2024 is just over a week away, and there is already speculation about what could be announced. The Budget is the final opportunity for…
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Autumn Statement 2023 – Summary
In this summary we provide some details of the tax changes that have been announced that will be of interest to owner managed businesses, entrepreneurs and private clients.
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Companies House – Implications of the Economic Crime and Corporate Transparency Act
On 26 October 2023 the Economic Crime and Corporate Transparency Bill received Royal Assent, becoming the Economic Crime and Corporate Transparency Act 2023 (ECCTA). The Bill brings stronger…
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The rising cost of corporation tax
Most business owners are very aware of the upcoming corporation tax hike. From 1 April 2023, corporation tax will increase from 19% to 25%, with the nearly one third…
Recent posts
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Jeremy Hunt axes mini-budget tax cuts
Chancellor Jeremy Hunt has announced the government will axe almost all the tax cuts…
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Key announcements from Mini-Budget
Chancellor of the Exchequer Kwasi Kwarteng has delivered a range of sweeping reforms to…
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Two year extension to Recovery Loan Scheme
Originally launched in April 2021 to help businesses recover from the impact of Covid…
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A tax climate suited for employee share ownership?
Amid spiralling living costs, and significant differences between the tax rates on capital gains…
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Plastic Packaging Tax: What you need to know
If you manufacture or import 10 or more tonnes of plastic packaging within a…
More recent posts
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Spring Statement 2022 Summary
Chancellor Rishi Sunak has delivered his Spring Statement against a backdrop of rising fuel, energy and food costs. We’ve summarised the headline announcements below: Income tax is to…
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Sunak considers overhaul of ‘generous’ R&D tax credit system
Chancellor Rishi Sunak has suggested SME businesses are not investing enough into Research & Development (R&D) tax credits to make the current system viable. The Chancellor is frustrated…
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HMRC recovering £0 in nearly half of all tax investigations
During the 2020-21 financial year, 47% of investigations by the Treasury resulted in no money being retrieved, rising from 31% the previous year. HMRC investigations resulting in no…
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Tax-effective donating with Payroll Giving
Payroll Giving offers your employees the choice to donate money to a UK charity without paying tax on it. How does it work? The Payroll Giving scheme, set…
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Autumn Budget 2021: At a glance
Chancellor Rishi Sunak has delivered the Autumn Budget 2021. In this summary we provide some details of the tax changes announced that will be of interest to owner-managed…
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HMRC shift furlough focus
The Government’s Coronavirus Job Retention Scheme (CJRS) scheme ended at the end of September. HMRC’s attention will now turn to reviewing the accuracy of the claims made. It…
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NICs to increase by 1.25% to help fund social care
From April 2022 certain National Insurance Contributions (NICs), paid by both employed and self-employed workers, and dividend tax rates will both rise by 1.25% in an effort to…
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Furlough scheme contribution doubles for employers
On 1 August employer contribution doubled to 20% and will remain at this level until the scheme ends on 30 September 2021. Employers must now pay 20% of…
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Tax changes announced for self-employed and small businesses
The government have this week announced changes in a bid to simplify tax reporting that will come into force by 2023. The changes will see small businesses taxed…