MTD for ITSA delay
Making Tax Digital for income tax self-assessment (MTD for ITSA) was originally set to roll out in 2018, but the road to personal tax digitalisation… Read More »MTD for ITSA delay
Tax
Full Expensing: A Game-Changer for UK Capital Investment, the end of the Super-deduction, and other Corporation Tax changes
In recent years, full expensing has emerged as a powerful incentive for businesses to maximise their investments and minimise their corporation tax liabilities. As the… Read More »Full Expensing: A Game-Changer for UK Capital Investment, the end of the Super-deduction, and other Corporation Tax changes
Corporation tax in 2023
After multiple policy U-turns and much uncertainty, the main rate of corporation tax will rise from 19% to 25% from 1 April 2023. This will… Read More »Corporation tax in 2023
It is possible to reduce inheritance tax by using the business property relief
Business property relief Business property relief (BPR) is a way for UK businesses to reduce or eliminate inheritance tax on certain business assets. BPR was… Read More »It is possible to reduce inheritance tax by using the business property relief
When Companies Pay Interest on a Loan from Individuals in the UK, Withholding Tax Deduction and CT61: An Overview for UK resident taxpayer
As a business owner or investor in the UK, it is important to understand the rules and processes involved in receiving interest from companies. In this article, we cover withholding tax, the CT61 form, and how to claim a tax credit for withheld tax. Get the information you need to comply with UK tax laws and ensure that you are accurately reporting your income.
Income tax: what’s changing?
A number of changes are coming to income tax in April 2023 that will affect taxpayers across the UK. Many of these measures were announced… Read More »Income tax: what’s changing?
Tax investigations by HMRC
HMRC recently announced new powers to carry out investigations on companies they suspect of evading taxes. As a business owner, you might be worrying about… Read More »Tax investigations by HMRC
NIC Changes are coming into effect
Spring Statement changes are coming into effect. How will these changes to affect you? As you may have heard, there are changes happening to National… Read More »NIC Changes are coming into effect
R&D Tax Benefit for companies
Research and development (R&D) tax credits were once a little-known tax incentive for companies which invested in innovation. However, rules have changed in recent years,… Read More »R&D Tax Benefit for companies
New law to resolve Covid rent debt
The Government has set up an arbitration system to help resolve outstanding commercial rent debt. This is following the general moratorium on commercial eviction ending.… Read More »New law to resolve Covid rent debt