Newsletter

Second-hand plant and machinery does not qualify for the 130% super-deduction but would still qualify for the 100% Annual Investment Allowance (AIA). The amount of expenditure qualifying for 100% tax…

The current business environment is incredibly competitive but as we emerge from the pandemic, consumer demand is increasing, and many sectors have seen labour and material costs rise. As demand…

Many were expecting substantial changes to capital gains tax in the Autumn Budget, particularly as the Office of Tax Simplification (OTS) had suggested that CGT rates should be aligned with…

As announced in the Budget R&D, tax relief will be reformed from April 2023 to support modern research methods by expanding qualifying expenditure to include data and cloud costs, and…

Businesses investing in plant and machinery will welcome yet another extension in the 100% Annual Investment Allowance (AIA) until 31st March 2023. The 100% relief was scheduled to revert to…

The basic rate of income tax and higher rate remain at 20% and 40% respectively, and the 45% additional rate continues to apply to income over £150,000. As previously announced…

Among the announcements leaked before Budget Day was an increase in the hourly rate for the National Living Wage (NLW), which was greater than inflation for those aged 23 or…

2020 saw a year of change and a dramatic shift to technology. We relied on our screens to remain informed, entertained and connected. But, what if we could do more…