As we near the end of the 2022/23 tax year, you should review your pension contributions made since 6 April 2022 and consider whether or not you should make a further one-off personal pension contribution before 5 April 2023 to save tax and to utilise any carried-forward relief from 2019/20 which will be lost if not used by 5 April 2023.
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
MAKING TAX DIGITAL FOR INCOME TAX DELAYED AGAIN
BUT NEW TAX YEAR BASIS GOES AHEAD
NEW VAT PENALTY REGIME
130% SUPER DEDUCTION ENDS SOON
IMPORTANT R&D CHANGES FROM APRIL 2023
WANT TO REDUCE YOUR 2021/22 TAX BILL?
DIARY OF MAIN TAX EVENTS
FEBRUARY / MARCH 2023
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
NEW YEAR RESOLUTIONS TO SAVE TAX
PENSION PLANNING
TIME TO REVIEW YOUR WILL?
PASSING ON THE FAMILY HOME
£12,300 CGT ANNUAL ALLOWANCE – USE IT OR LOSE IT
130% SUPER-DEDUCTION ENDS 31 MARCH 2023
£1 MILLION ANNUAL INVESTMENT ALLOWANCE NOW PERMANENT
NEW VAT PENALTIES FOR LATE RETURNS
ADVISORY FUEL RATE FOR COMPANY CARS
SCOTTISH INCOME TAX RATES FOR 2023/24
DIARY OF MAIN TAX EVENTS – JANUARY 2023/February 2023
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
TAX INCREASES AND PUBLIC SPENDING CUTS
FREEZING INCOME TAX BANDS
MORE TO PAY 45% INCOME TAX
ALL QUIET ON PENSIONS
NIC BANDS FROZEN
DIVIDEND INCOME – REDUCED 0% BAND
CGT ANNUAL EXEMPTION CUT
VAT REGISTRATION LIMITS UNCHANGED
CARS, VANS AND TAXATION!
R&D ‘REBALANCING’
A MINI U-TURN ON SDLT
AND REMEMBER…
DIARY OF MAIN TAX EVENTS
DECEMBER 2022 / JANUARY 2023
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
U-TURNS TO STEADY THE FINANCIAL MARKETS
NIC RATE CHANGE GOES AHEAD
SDLT CHANGES GO AHEAD
CORPORATION TAX RATES TO INCREASE AFTER ALL
INCOME TAX RATES STAND STILL
IMPACT ON PROFIT EXTRACTION
OFF-PAYROLL WORKING LIVES TO SEE ANOTHER DAY
£1 MILLION ANNUAL INVESTMENT ALLOWANCE TO STAY
SEIS CHANGES GO AHEAD
ENERGY SUPPORT TO BE REVIEWED IN APRIL 2023
DIARY OF MAIN TAX EVENTS – NOVEMBER/DECEMBER 2022
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
BACK TO SCHOOL – CHILDCARE VOUCHERS OR TAX-FREE CHILDCARE ACCOUNT?
INTERACTION WITH CHILDCARE VOUCHER SCHEMES
SELF-EMPLOYED NEED TO PLAN FOR BIG TAX BILLS IN 2023/24
ADVISORY FUEL RATE FOR COMPANY CARS
PROPOSED CHANGES TO CGT ON SEPARATION
DIARY OF MAIN TAX EVENTS – SEPTEMBER / OCTOBER 2022
There is a requirement for more express trusts to register with the HM Revenue & Customs Trust Registration Service by 1 September 2022.
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
RIME MINISTER CANDIDATES AND POSSIBLE TAX CUTS
ATTRACTING AND RETAINING KEY STAFF WITH SHARES
BEWARE “ROGUE” R&D CONSULTANTS
MAKING TAX DIGITAL – UPDATE
MORE DETAILS OF MTD FOR INCOME TAX REPORTING
DIARY OF MAIN TAX EVENTS – AUGUST/SEPTEMBER 2022
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
CHILDCARE ACCOUNTS CAN SUBSIDISE SUMMER CAMP COSTS
PENALTIES FOR OVERCLAIMED SEISS GRANTS
REPORTING SEISS GRANTS ON 2021/22 TAX RETURNS
MTD FOR VAT – NEW GUIDANCE ON PENALTIES FOR NON-COMPLIANCE
R&D TAX CREDIT REPAYMENTS DELAYED
DIARY OF MAIN TAX EVENTS – JULY/AUGUST 2022
Welcome to our monthly tax newsletter designed to keep you informed of the latest tax issues.
In this month’s newsletter:
REPORT EMPLOYEE BENEFITS ON FORM P11D BY 6 JULY
IS YOUR BUSINESS ENTITLED TO THE EMPLOYMENT ALLOWANCE?
BUYING AN ELECTRIC CAR? DOES IT NEED TO BE NEW?
SALARY SACRIFICES – GET THE TIMING RIGHT
CAPITAL GAINS TAX ON SEPARATION AND DIVORCE
ADVISORY FUEL RATE FOR COMPANY CARS
DIARY OF MAIN TAX EVENTS JUNE/JULY 2022