Rachel explains the changes to Making Tax Digital for Income Tax Self Assessment which have been announced today.
Expert Opinion
Adam provides a summary of the National Insurance changes announced by the Chancellor.
James provides a summary of the business tax announcements covering R&D Tax Relief and Expensing.
Rob provides a summary of the announcements relating to VAT and Personal Tax.
The introduction of higher corporation tax rates for company profits over £50,000 may impact the advice given.
The sale of shares is an exempt supply, but a recent tax tribunal decision has determined that, under certain circumstances, the input VAT may be claimed.
The profits chargeable to tax for those with a year-end other than 31 March are changing. So if your practice accounts are prepared to a date other than 31 March then you will need to understand how these changes may affect you.
HMRC has published amended guidance regarding home charging of electric company cars which means that there will not be a separate charge to tax as a result.
If you are claiming child benefit, it is important to be aware of this threshold which hasn’t changed with inflation as more parents are likely to get caught out by it.
James explains how the government have issued draft legislation for consultation on the proposal to merge the two forms of corporation tax relief for expenditure on R&D.
Rob gives a reminder of the changes which came into effect on 11 July 2023.
Rachel explains the exemptions around having an annual event for staff whether it’s a summer barbeque or the Christmas party.
Ollie explains the process we adopt in delivering the right outcome for clients using our Client Roadmap.
James explains the new process requirements for filing R&D claims effective this month.
Rachel reminds working parents that the Tax-Free Childcare account can include paying for a summer holiday club.
Shaun explains the areas he explores to ensure businesses are getting the most out of their accountant.
In the second of a series of three articles on R&D, James discusses the current volume compliance approach being utilised by HMRC.
Rachel explains HMRC is targeting those in the short-term rental market so if you think you may have underdeclared your property income, now is the time to act.
In the first of a series of three articles on R&D, James discusses recent changes to the reliefs.
For the first time in 8 years we have returned to a system of two rates of Corporation Tax– but what does this mean?