Posted in Accounting, Tax
March 16th, 2023
There was good news in the Budget for those saving in a personal pension. The current pension lifetime allowance (LTA) charge is being abolished from 6 April 2023. The LTA…
Posted in Accounting, Tax
March 16th, 2023
Energy Costs The Energy Price Guarantee (EPG) brings a typical household energy bill in Great Britain down to around £2,500 per year. It has now been announced that the £2,500 EPG will…
Posted in Accounting, COVID-19, Tax
February 10th, 2023
After two years, the corporation tax super deduction will no longer be available for expenditure on or after 1 April 2023. Transitional rules will apply in respect of expenditure for…
Posted in Tax
August 19th, 2022
From this month, some individuals will be offered an alternative way to prove their identity to access HMRC’s online services. Individuals using an iPhone may be offered the choice to…
Posted in VAT
August 19th, 2022
From Tuesday 1 November 2022, clients will no longer be able to use their existing VAT online account to file their quarterly or monthly VAT returns. Businesses that file annual…
Posted in Tax, VAT
March 18th, 2022
In the Spring 2021 Budget, the government announced that there would be changes to the way penalties are incurred on late VAT return submissions and/or payments from 1st April 2022.…
Posted in COVID-19, Tax
January 6th, 2022
Today HMRC has announced that they will not charge: Late filing penalties for those who file online by 28 February 2022. Late payment penalties for those who pay the tax due…
Posted in Accounting, Tax
September 16th, 2021
In order to encourage companies to invest in new capital equipment, earlier this year the chancellor announced a radical new “super deduction” of 130% where they invest in new plant.…
Posted in Tax
September 10th, 2021
Following the announcement 7th September, in an attempt to fund health and social care, Dividend rates will also increase by 1.25%, starting 2022/23. If you would like to know how…
Posted in PAYE, Tax
September 9th, 2021
Yesterday the government announced tax changes to fund £12 billion a year to be spent on the NHS and social care across the UK. National Insurance contributions (NICs) will increase…
