When a limited company intends to make a claim for research and development (R&D) tax relief, from 8 August 2023 onwards it

HMRC frequently warn taxpayers that when a tax avoidance scheme looks “too good to be true”, it probably is. They publish

During the COVID pandemic the government relaxed the conditions to enable those working from home to be paid £6 a week tax free by their

The VAT Flat Rate scheme was introduced in 2002 to simplify VAT reporting for small traders, reducing the time taken to

Following the Corporation Tax rate increase on April 1, the rate of tax a company pays will depend on its level of

In the Spring Budget the Chancellor announced that “full expensing” - 100% relief for new, eligible plant and machinery - would

With all of the changes to personal pensions in the Spring Budget, maximising the State Pension entitlement should not be overlooked. The full rate of new State Pension increased to

Since MTD was announced, we have been working with many of our clients to help them streamline the way they keep their books and help them

These are the suggested reimbursement rates for employees' private mileage using their company car.

Where the employer provides an employee with a company car there may be an additional benefit in kind on

The deadline for reporting shares and securities and share options issued to employees during 2022/23 is 6 July 2023

HMRC have announced that the official rate of interest will increase from 2% to

The HMRC rate of interest on beneficial loans looks very attractive compared to the Bank of England Base rate of 4.5% and much higher rates charged by banks for unsecured loans.

The Government have announced a number of tax consultations on its Tax Administration and Maintenance Day

As a result of the pension reforms introduced by George Osborne which took effect from 6 April 2015, a drawdown pension fund has become an important part of estate

The latest Finance Bill will legislate the announcement in the Spring Budget that the lifetime allowance (LTA) charge is abolished from 6 April 2023.

Where benefits in kind are provided to employees that will usually result an income tax charge on the employee and a Class 1A national insurance (NI) charge on the employer. The rate to be used for 2022/23 is 14.53% because of the withdrawal of the 1.25% Health and Social Care levy part way through the year.

The deadline for filing the P11d forms to report benefits in kind in respect of directors and employees for 2022/23 is 6 July 2023. Note, however, that the original and amended reports must now be made online and paper returns will be rejected.