Tax News

MTD for income tax postponed to 2024/25

MTD for income tax postponed to 2024/25

Date posted: 11th Oct 2021

The planned digital tax revolution has been postponed for the time being. The government, having listened to stakeholder feedback from businesses and the accounting profession, announced that they…

Read
1.25% increase in NIC’s and tax dividends to fund health and social care

1.25% increase in NIC’s and tax dividends to fund health and social care

Date posted: 5th Oct 2021

In case you missed our last update, the Prime Minister announced on 7 September that the government will introduce a new 1.25% Levy to provide an extra £12…

Read
Government support coming to an end. Is it time to finally consider that R&D claim?

Government support coming to an end. Is it time to finally consider that R&D claim?

Date posted: 5th Oct 2021

As we enter Autumn, we can look forward to mowing the lawn less frequently and the dark winter nights that are heading our way. However, for many businesses,…

Read
Are you missing out on the super deduction?

Are you missing out on the super deduction?

Date posted: 5th Oct 2021

The super deduction is intended to give tax relief at an enhanced rate for expenditure on brand-new capital items such as plant and machinery, vans, trucks etc. However,…

Read
Renewing a licence – make sure you are registered with HMRC!

Renewing a licence – make sure you are registered with HMRC!

Date posted: 5th Oct 2021

From April 2022, those renewing licences to drive taxis and private hire vehicles, to operate a private hire vehicle business or to deal in scrap metals, will only…

Read
Capital allowances on plant in residential property

Capital allowances on plant in residential property

Date posted: 5th Oct 2021

Capital allowances are generally available to give tax relief on expenditure such as machinery, vans, computers, etc, under the mantra of “plant and machinery”. The capital allowance legislation…

Read
HMRC support with childcare costs

HMRC support with childcare costs

Date posted: 5th Oct 2021

As employees return to work after the end of CJRS furlough support, they need to start thinking about childcare if they have children. If they haven’t already done…

Read
Check your HMRC account – time to change your password?

Check your HMRC account – time to change your password?

Date posted: 5th Oct 2021

If you have a personal tax account with HMRC, it may be worthwhile checking your account to see if any fraudsters have managed to access your account. As…

Read
Staff retention – is it time to use an EMI scheme?

Staff retention – is it time to use an EMI scheme?

Date posted: 27th Sep 2021

As the country lurches from one shortage to another, many of our clients are worried about the shortage of skilled employees and the potential risk that employees will…

Read
Social Care: Reform and Funding

Social Care: Reform and Funding

Date posted: 10th Sep 2021

Highlights Government reforms to social care will impact those entering care in England from October 2023. The cap for full self-funding will rise to £100,000 from £23,250. The…

Read

IT ALL FITS, TOGETHER.

Keep Informed: enter your email...

Our Clients Include: