News

Tax Diary January/February 2023
1 January 2023 - Due date for Corporation Tax due for the year ended 31 March 2022. 19 January 2023 ...
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Exempt company cars and fuel benefits
Most employers and employees are aware of the additional costs of providing company cars and the tax implications they create ...
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Redundancy pay
If you have been in the same job for two or more years and are made redundant you will usually ...
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HMRC interest rate changes
The Bank of England’s Monetary Policy Committee (MPC) met on 15 December 2022 and voted 6-3 in favour of raising ...
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Vehicle benefit charges from April 2023
The vehicle benefit charges for 2023-24 have been announced. Where employees are provided with fuel for their own private use ...
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New VAT penalty regime from 2023
A new VAT penalty regime will affect all VAT registered businesses from 1 January 2023. The changes will apply to ...
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Budget date 2023 announced
The Chancellor of the Exchequer, Jeremy Hunt has confirmed, in a written statement, that the next UK Budget will take ...
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Are you ready for 31 January 2023?
There are now less than 50 days to file your 2021-22 Self-Assessment tax return. Last year over 12.5 million taxpayers ...
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Digitisation of tax postponed
A statement was made by the Financial Secretary to the Treasury on 19 December 2022. It confirmed that the roll-out ...
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Tax on property you inherit
If you inherit property, you are usually not liable to pay tax on the inheritance. This is because any Inheritance ...
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The Rent a Room Scheme
The rent-a-room scheme is designed to help homeowners who rent-a-room in their home. If you are using this scheme, you ...
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Post-cessation receipts and expenses
Tax relief may be available for post-cessation expenses of a trade. In order to be an allowable post-cessation expense, the ...
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Collecting tax from wealthy taxpayers
An updated briefing which looks at how HMRC deals with wealthy individuals has been published. The briefing looks at helping ...
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Mortgage payment support
The Chancellor, Jeremy Hunt, recently hosted a meeting at 11 Downing Street to discuss what help may be available to ...
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Using the HMRC app to make Self-Assessment tax payments
A new press release from HMRC has revealed that more than 50,000 taxpayers have used the HMRC app to make ...
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Companies with 31 December year-end date
Have you considered any last-minute planning options if your company has a 31 December 2022 year-end date? It is not ...
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