Capital Gains Tax (CGT) & Business Asset Disposal Relief

Changes to Capital Gains Tax (CGT) are set to impact business owners and investors, particularly those planning to sell assets. The CGT rate for Business Asset Disposal Relief (previously Entrepreneurs’ Relief) will…

Income Tax, National Insurance & Payroll Updates

For employers and employees, one of the most notable changes in 2025/26 is the increase in Employers’ National Insurance Contributions (NICs), which will rise from 13.8% to 15%.  This change means…

Corporation Tax & Capital Gains Tax Deadlines

For companies operating in the UK, corporation tax payments are due nine months and one day after the end of the company’s accounting period. This means if a company’s financial…

HMRC is changing its policy on double cab pick-ups

From April 2025, most double cab pick-ups will be treated as cars, not vans, for direct tax purposes, potentially meaning increased tax bills for employers, employees and businesses. Currently, HMRC…

Pension tax relief

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…

Cost of living support

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…

Super-deduction withdrawl

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…

Super-deduction for investment in new equipment

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.…

HMRC Enquiries on the Increase as New Task Force Announced

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…

Corporation tax changes

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…