Basis Period Reform For Income Tax

This measure will only affect businesses which operate as self-employed traders, partnerships or...

MTD for VAT extends to all VAT registered businesses  from April 2022

HMRC's vision to digitalise the UK tax system is well underway. The transformation started in April...

Super-deduction Capital Allowances Update

HMRC have issued a factsheet on the new temporary “super deductions allowance” and “special rate...

Your Annual Company Tax Return – Do You Really Need An Accountant Or Can You Go It Alone?

If you operate a small limited company (Ltd) with less than five employees, your accounts may be...

Delayed Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA)

The Government has announced in a Written Ministerial Statement (WMS) that MTD for Income Tax Self...

VAT rate change for the hospitality, holiday accommodation and attractions industry

On 8 July 2020, the government announced that it would introduce a temporary reduced VAT rate of 5%...

National Insurance Increase - New Health and Social Care Levy

The government has announced today (7th September 2021) that it will be increasing National...

Tax Efficient Ways to Reward Employees

The tax system has a number of employment-related exemptions built in. A few examples of some ways...

Extended Corporation Tax Loss Carry Back

A reminder that the extended Corporation Tax Loss carry back measure announced in the Spring Budget...

HMRC Fifth SEISS Grant

HMRC yesterday issue guidance on claiming the fifth SEISS grant. Full details can be found at the...