by Chris Barlow | Jan 4, 2023 | Latest, Tax
As we approach the Self Assessment deadline on the 31st of January, it’s becoming increasingly important for small businesses to receive outstanding payments from their customers and to chase any that are late. Back in December, Business Secretary, Grant Shapps,...
by Chris Barlow | Dec 12, 2022 | Latest, Tax
As we welcome in the New Year, HMRC will be welcoming a new penalty system for the late filing of VAT returns, amongst other changes… On the 1st January 2023 there will be a new points-based penalty system implemented for the late filing of VAT returns, and new...
by Chris Barlow | Dec 9, 2022 | Latest, Tax
In his Autumn Statement, Jeremy Hunt announced that there will be changes to the Research and Development tax relief for small and medium-sized enterprises (SMEs) When Jeremy Hunt delivered his long-awaited Autumn Statement last month, he outlined several changes to...
by Chris Barlow | Nov 30, 2022 | Latest, Tax
The government has decided to make the £1,000,000 limit for the Annual Investment Allowance permanent, eliminating plans to reduce it to £200,000 in April 2023. The Annual Investment Allowance (AIA) means that businesses can claim capital allowances on items that they...
by Chris Barlow | Nov 24, 2022 | Latest, Tax
Despite previous decisions to cancel the increase, it has been confirmed that the main rate of corporation tax will go up to 25%. In the September mini budget, ex-Chancellor Kwasi Kwarteng had announced that the increase in the rate of corporation tax for a lot of...
