by Chris Barlow | Jan 9, 2023 | Latest, Tax
In December, the Government pushed back their plans for Making Tax Digital for Income Tax Self Assessment – here’s what you need to know. It’s becoming increasingly difficult to ignore the fact that we’re living in a digital world. Whether you use Apple...
by Chris Barlow | Jan 4, 2023 | Latest, Tax
As we approach the Self Assessment deadline on the 31st of January, it’s becoming increasingly important for small businesses to receive outstanding payments from their customers and to chase any that are late. Back in December, Business Secretary, Grant Shapps,...
by Chris Barlow | Dec 12, 2022 | Latest, Tax
As we welcome in the New Year, HMRC will be welcoming a new penalty system for the late filing of VAT returns, amongst other changes… On the 1st January 2023 there will be a new points-based penalty system implemented for the late filing of VAT returns, and new...
by Chris Barlow | Dec 9, 2022 | Latest, Tax
In his Autumn Statement, Jeremy Hunt announced that there will be changes to the Research and Development tax relief for small and medium-sized enterprises (SMEs) When Jeremy Hunt delivered his long-awaited Autumn Statement last month, he outlined several changes to...
by Chris Barlow | Dec 5, 2022 | Latest, Tax
As part of his Autumn Statement, Chancellor Jeremy Hunt announced a reversal of the temporary increase in National Insurance Contributions and the cancellation of the Health and Social Care Levy. Back in September 2021, the government published proposals for...
by Chris Barlow | Nov 30, 2022 | Latest, Tax
The government has decided to make the £1,000,000 limit for the Annual Investment Allowance permanent, eliminating plans to reduce it to £200,000 in April 2023. The Annual Investment Allowance (AIA) means that businesses can claim capital allowances on items that they...
