Newsletters
Welcome to our monthly tax newswire. We hope you enjoy reading this newsletter and find it useful. Please contact us if you would like to discuss any matters further.
Spring Budget 2023
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The key points you need to know about Jeremy Hunt’s spring statement.
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March 2023
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- ”Nudge” letters from HMRC about R&D claims
- Penalties for careless and deliberate errors
- Tax year end planning
February 2023
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- Making tax digital for income tax delayed again
- Important R&D changes from April 2023
January 2023
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- £12,300 CGT annual allowance- use it or lose it
- 130% Super-deduction ends 31 March 2023
December 2022 (Autumn Statement)
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- Tax increases and public spending cuts
- Freezing income tax bands
- NIC bands frozen
- Dividend income – reduced 0% band
November 2022
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- U-Turns to steady the financial markets
- NIC rate change goes ahead
- Corporation tax rates to increase after all
- Energy support to be reviewed in April 2023
October 2022 (mini budget)
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- Taxes cut to stimulate economy
- Health and social care levy scrapped
- Dividend rates reduced from 2023/24
- Income tax rates cut for 2023/24
- Annual investment allowance now permanant
September 2022
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- Back to school- childcare vouchers or tax-free childcare account
- Self-employed need to plan for big tax bills in 2023/24
August 2022
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- Attracting and retaining key staff with shares
- Beware ”rogue” R&D consultants
July 2022
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- Childcare accounts can subsidise summer camp costs
- Penalties for overclaimed SEISS grants
- MTD for VAT – new guidance on penalties for non-compliance
June 2022
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- Report employee benefits on form P11D by 6 July
- Buying an electric car? Does it need to be new?
- Capital gains tax on separation and divorce
May 2022
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- Trading losses- carry back or carry forward
- Super-deduction for equipment runs for one more year
- VAT changes from 1 April 2022
April 2022
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- The ups and downs of the Spring Statement 2022
- Business tax relief for capital investment
- VAT Rates in the leisure and hospitality sector
March 2022
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- VAT rates for hospitality sector due to increase from 1 April
- Changes to accounting for VAT on imports
- Payrolling benefits in kind
- Missing out on help with childcare costs?
- Buy new equipment before 6 April?
- 2022/23 NI bands
- Advisory fuel rates for company cars
February 2022
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- HMRC have put back tax return deadline
- Planning to sell your business in 2022?
- New VAT penalty regime delayed to January 2023
January 2022
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- Summary of freeport tax advantages
- 130% Super-deduction for investing in new plant continues
- £1 million annual investment allowance still available
- Pension planning
- New year planning ideas
December 2021
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- Trust planning opportunity
- Advisory fuel rates for company cars
- Christmas gifts tax free