Specialist Tax News

As announced in the Spring Budget, the beneficial tax treatment of furnished holiday lettings (FHLs) will be abolished from 6 April 2025, when the business will
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A recent case before the First Tier Tribunal will be of interest to businesses operating campsites and also farmers who have diversified into “glamping” by installing
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On top of the major changes to research and development (R&D) tax relief that took effect from 1 April 2023 there are yet more changes that
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Date What’s Due 1/04 Corporation tax payment for year to 30/6/23 (unless quarterly instalments apply) 5/04 End of 2023/24 tax year. 2024/25 tax year starts on
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It’s not too late to undertake some end of year tax planning. If you have some spare cash, an obvious tax planning point would be to
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Those aged between 18 and 40 can set up a Lifetime ISA (Individual Savings Account) to buy their first home or save for later life. You
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Under the current rules, the government adds to your pension contributions at the 20% basic rate. For instance, if you save £4,000 in a personal pension,
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You might wish to consider bringing forward capital gains to before 6 April 2024 where you haven’t used your £6,000 CGT annual exemption. This exempt amount
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Unless the business year end is 31 March or 5 April, the end of the tax year is not a significant date as far as capital
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On top of the major changes to research and development (R&D) tax relief that took effect from 1 April 2023, there are yet more changes that
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The table below sets out the HMRC advisory fuel rates from 1 March 2024. These are the suggested reimbursement rates for employees' private mileage using their
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2022/23 income tax, CGT, class 2 and 4 NIC liabilities should have been paid by 31 January 2024 unless you have agreed a payment plan with
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