Taxation

With the departure of Boris Johnson, the contenders as leader of the Conservative Party and Prime Minister (PM) have now been whittled down to the last two candidates – Rishi…

Making Tax Digital (MTD) for VAT has been with us since April 2019, with the extension to all VAT registered businesses from April 2022. The next roll-out will be the…

HMRC have also issued new guidance on the penalties that they impose for non-compliance with the Making Tax Digital (MTD) for VAT rules. In particular, there is a penalty of…

Over the next few months, you will be learning more about our team of Chartered Tax Advisors (CTAs) through the theme of eggs...yes, eggs! The purpose of our egg head…

The Annual Tax on Enveloped Dwellings (ATED) was introduced in April 2012 and is charged where certain residential properties are owned within a corporate structure. This tax catches UK properties…

  In the March 2021 budget, it was announced that the normal one-year carryback for trading losses would be extended to three years. This means that many businesses that have…

PAYROLL PROCEDURES As the 2021/22 tax year has now ended, employers need to carry out the following end of year procedures: Provide employees with their P60 annual summaries by 31…

The 130% super-deduction for companies that invest in new plants and machinery applies where the expenditure incurred between 1 April 2021 and 31 March 2023. Many companies recovering from the…