In the latest Autumn Budget, Chancellor of the Exchequer Rachel Reeves presented her first budget to Parliament, outlining a bold approach aimed at “fixing the
What small business owners need to know There is a lot to digest and unpick. With a general election looming, it was clear that this
20% of new businesses in the UK do not make it past the first year, and 60% will fail within the first three years [1].
Personal Tax Allowances & Bands Pensions National Insurance Car Benefits Corporation Tax Tax On Dividends As Corporation Tax due on directors’ overdrawn loan accounts is
Budget Summary Personal Taxation and Wages Business Tax Research and Development Households Please contact us if you would like to discuss any of the above
The majority of gifts made during a person’s life are not subject to tax at the time of the gift. These lifetime transfers are known as ‘potentially exempt transfers’ or ‘PETs’. These gifts or
In general, there is no Capital Gains Tax (CGT) on a property which has been used as a main family residence. This relief from CGT is commonly known as private residence relief.
However, there are
A new VAT registration process known as the VAT Registration Service or VRS was made available to agents from 1 August 2022. The VRS had been in testing mode for the previous 18 months and was used by
HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for October half-term holiday clubs and wraparound care during the school terms.
The TFC scheme can help
The Department for Business, Energy and Industrial Strategy has announced that the new UK subsidy regime will come fully into force from 4 January 2023 when the Subsidy Control Act 2022 takes
Fraudsters are continuing to target taxpayers with scam emails in advance of the deadline for submission of Self-Assessment returns for the 2021-22 tax year. In fact, in the 12 months to August 2022,
The Money Laundering Regulations (MLR) are designed to protect the UK financial system and put in place certain controls to prevent businesses being used for money laundering by criminals and
