Income Tax

IndividualsLimited CompaniesSole Trader or Partnership

The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022. Here is an outline the key measures affecting

Read more
IndividualsLimited CompaniesSole Trader or Partnership

This month we are asking our tax and accounts managers to share their top tips for saving tax as the 2021/22 tax year draws

Read more
IndividualsSole Trader or Partnership

Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers HM Revenue and Customs (HMRC) is waiving

Read more
Sole Trader or Partnership

The government announced back in September that the introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) is being delayed by one

Read more
IndividualsSole Trader or Partnership

There are now less than 68 days to file your 2020-21 Self-Assessment tax return. Last year over 12.5 million taxpayers were required to complete

Read more
Limited CompaniesSole Trader or Partnership

The rules for deciding whether a gift given in the course of business is deductible are complex. The rules for business gifts generally follow

Read more
Limited CompaniesSole Trader or Partnership

The Government giveth, and the Government taketh away – or so it seems. Most COVID support grants paid out by central govenment or though

Read more
Individuals

Your tax code is used by your employer or pension provider to work out how much Income Tax to take from your pay or

Read more
Sole Trader or Partnership

Having listened to stakeholder feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital (MTD) for

Read more
Sole Trader or Partnership

The assessment of self-employed or partnerships profits is usually relatively straight-forward if the accounting date – the date to which accounts are prepared – falls between 31 March and 5 April. However, overlap profits can arise where a business

Read more
IndividualsLimited CompaniesSole Trader or Partnership

New health and social care Levy to be introduced across the UK to provide extra cash to reform the Health and Social care systems

Read more
Individuals

A thought-provoking question that has been asked by one of our readers is whether professional gambling is a trade or not. The answer to this question might surprise you. According to HMRC and reinforced by a number of court cases is the answer that

Read more
wave

I am a...