New corporation tax regime from 1 April 2023
Date posted: 7th Mar 2023
Changes to the corporation tax regime come into effect from 1 April 2023 – the start of the financial year (FY) 2023. From that date there will no…
Date posted: 7th Mar 2023
Changes to the corporation tax regime come into effect from 1 April 2023 – the start of the financial year (FY) 2023. From that date there will no…
Date posted: 7th Mar 2023
It is important that you are aware of the tax issues if you let property at a lower than market rate rent to a friend or family. For…
Date posted: 7th Mar 2023
As well as charging interest on tax paid late, HMRC may also levy a penalty where there is an error in a tax return. These penalties may be…
Date posted: 7th Mar 2023
Due to the alleged abuse of the Research and Development (R&D) tax relief schemes, HMRC have issued “nudge” letters to the directors of several claimant companies asking them…
Date posted: 9th Feb 2023
MAKING TAX DIGITAL DELAYED AGAIN Making tax digital (MTD) was originally scheduled to start in 2018 and was then put back to 2023 and then 2024. It was…
Date posted: 9th Feb 2023
NEW VAT PENALTY REGIME A new, and arguably fairer, system for determining penalties for late returns and late payment of VAT applies to return periods commencing on or…
Date posted: 9th Feb 2023
The turnover threshold, that governs whether businesses should register for VAT, is currently £85,000. At the 2022 Autumn Statement, it was confirmed that the threshold would remain at…
Date posted: 9th Feb 2023
At the moment, you need to have 35 years’ worth of national insurance credits to obtain a full state pension. The 35 years can be made up of…
Date posted: 9th Feb 2023
As well as a mechanism for collecting revenue, the tax system is also used to encourage certain behaviours and discourage others. One example where this is evident is…
Date posted: 9th Feb 2023
The trading allowance enables an individual to earn up to £1,000 from self-employment, the provision of casual services (such as gardening or babysitting) or from hiring out personal…
