Specialist Tax News

The government are committed to a number of important changes to Research & Development (R&D) tax relief from 1 April 2023. It also looks increasing likely
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If you would like to legitimately reduce your 2021/22 tax bill that you have just paid, or your bill for 2022/23, you might want to consider
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Date What’s Due 01/02 Corporation tax payment for year to 30/4/22 (unless quarterly instalments apply) 19/02 PAYE & NIC deductions, and CIS return and tax, for
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At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end
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For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual
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Top of the New Year to do list for many individuals is to make or update their Will. Many think this is something to leave until
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When considering the wording of your Will you should note that the inheritance tax (IHT) nil rate band continues to be frozen at £325,000 until 2028.
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The CGT annual exempt amount reduces from £12,300 to just £6,000 for gains made in 2023/24. Remember that the 2022/23 allowance is lost if not used
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The 130% super-deduction for the investment in plant and machinery was introduced in the March 2021 Budget. The enhanced tax deduction is available to limited companies
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The 130% super-deduction referred to above only applies to limited companies, however the Annual Investment Allowance (AIA) is available to unincorporated businesses as well as limited
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A new points-based system for late VAT returns starts for return periods commencing on or after 1 January 2023. A financial penalty will apply when a
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The table below sets out the HMRC advisory reimbursement rates for employees' private mileage using their company car from 1 December 2022. Where full reimbursement is
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