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Our latest news & views
We share up to date news and blog posts from the worlds of finance, business and tax. If you’d like to subscribe and receive quarterly email newsletters from us collating the most relevant blogs and articles, please scroll down and submit your email address.
Big Tax Bills for the Self-Employed in 2022/23
Draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year.
Let’s have a real Christmas party this year!
Last year many businesses put on a “virtual” Christmas party event and HMRC agreed that would be acceptable in order for there to be no taxable benefit for the employees involved, but this year is the return of the proper Christmas party!
Christmas is the Time for Tax-Efficient Giving
Many were expecting the chancellor to announce changes to inheritance tax (IHT) in his Autumn Budget, However, like capital gains tax (CGT), the rules have remained broadly the same as last year. That means that each tax year individuals may make gifts of up to £3,000...
Personal Tax: Budget and Spending Review 2021
Last week’s Budget saw a number of announcements that will impact on individuals, most notably the National Insurance increase to pay for social and health care.
Business Tax: Budget and Spending Review 2021
On 27 October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review.
1.25% increase in NICs to fund health and social care
The Prime Minister announced on 7th September that the government will introduce a new 1.25% Levy to provide an extra £12bn a year to support the NHS and social care.
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