Self assessment threshold raised to £150,000 from 2023/24
From the 2023/24 tax year, the self-assessment (SA) threshold for individuals who are taxed solely through PAYE will increase to £150k.
Corporation tax rate to increase to 25% from 1 April 2023
UK corporation tax increase from 19% to 25% from April 2023, affecting companies with profits of £250,000 and over.
Self assessment taxpayers to be moved to digital filing
End of Paper SA Returns: HMRC Contacting Paper Filers to inform them that they will need to phone HMRC to receive paper forms.
Budget 2023: Pension Shakeup and Planning Opportunities
Spring Budget includes significant pension reforms, increasing the annual allowance to £60,000 and abolishing the pension LTA.
Deadline to Top up National Insurance Contributions Extended
Taxpayers have been given an extended window until 31 July 2023 to make voluntary NI contributions going back to April 2006.
Super-deduction: an attractive measure but start planning now
A new 130% first-year capital allowance for qualifying P&M assets; and a 50% first-year allowance for qualifying special rate assets.
Off-payroll working (IR35) – Is your business ready?
A collection of tax rules and changes come into force from the start of April 2021, including the introduction of off-payroll working (IR35).
HMRC tips to avoid common VAT registration errors
With high volumes of applications causing processing delays, HMRC is urging applicants to double check applications before submission.
Working from home tax relief is still available for 2021/22
Employees working from home due to the COVID-19 pandemic are still allowed to claim working from home tax relief on expenses.
Budget 2021: Summary and key points at-a-glance
On 3 March, the Chancellor, Rishi Sunak delivered the government’s Budget for 2021. You can find out more about the CJRS on GOV.UK.
The SME Brexit Support Grant: deadline 30 June 2021
The SME Brexit Support Fund could give you up to £2,000 to help with training or professional advice, but there is a limited window.
