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 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 Accounting, COVID-19, Tax
April 21st, 2021
Each year HM Revenue & Customs (HMRC) will undertake a number of tax enquiries into individuals and businesses in order to ensure that they have paid the right amount of…
Posted in Accounting, Tax
March 5th, 2021
from 1 April 2023 where profits exceed £250,000 Corporation tax will be charged at 25%. For profits under £50,000, the rate of 19% will remain unchanged. For profits between £50,000-£250,000…
Posted in Accounting, Bookkeeping, Tax
March 5th, 2021
Unincorporated businesses and companies will welcome the increased flexibility to carry back losses arising during the period of the pandemic an additional two years. The extended relief will allow for…
Posted in Accounting, Tax
March 5th, 2021
Capital Allowances A “super-deduction” will be introduced from 1 April 2021 until 31 March 2023 allowing companies to benefit from a 130% first-year allowance for capital expenditure on qualifying new…
Posted in Accounting, Bookkeeping, Payroll, Tax
March 5th, 2021
Engine Petrol Diesel LPG < 1400cc < 1600cc 10p 10p 9p 9p 7p 7p 1400-2000 1601-2000 12p 12p 11p 11p 8p 8p > 2000cc 18p 12p 12p NB Electric…
Posted in Accounting, COVID-19, PAYE, Tax
March 5th, 2021
Following the Chancellor’s Budget on Wednesday, we have updated our resource page for our spring newsletter. Focusing mainly on the budget. If you haven’t taken a look already, download now.…
