Capital Gains Tax 2023
Capital Gains Tax Update for 2023 The capital gains allowance (that is the amount you can make before paying any tax) reduced to £6,000 on 6th April 2023. It was…
Change in basis period reform 2023
Change In Basis Period Reform While there is a delay to Making Tax Digital for income tax self assessment, unincorporated businesses will have to report their results on the tax…
Furnished Holiday Lettings
FURNISHED HOLIDAY LETTING (FHL) In the UK, there are special tax rules and reliefs for properties that qualify as furnished holiday lets (FHL’s). This means that a FHL is more…
UK Spring Budget 2023 – A budget for growth
In the Spring Budget 2023, the Chancellor, Jeremy Hunt, highlighted that “In the autumn we took difficult decisions to deliver stability and sound money… Today, we deliver the next part…
Year end tax planning 5th April 2023
Do I need to do any year end tax planning 5th April 2023? Why do I need to do year end tax planning 5th April 2023? Who needs to do…
Running a PAYE scheme
As a business owner (sole trader, partnership or Limited Company) you may need to set up a PAYE scheme when you start to take employees on.[Please note I am not…
Have you completed your self assessment tax return 2021-2022?
Help, I haven't completed my self assessment tax return yet!When do I need to complete my self assessment tax return 2021-2022?What were the tax rates for the year to 5…
Autumn Budget 2022 – Stability, Growth and Public Services
In the Autumn Budget 2022, the Chancellor highlighted that “In the face of unprecedented global headwinds, families, pensioners, businesses, teachers, nurses and many others are worried about the future.” He…
VAT – understanding the basics
When do I need to apply for VAT registration? If you are in business you might be wondering if/when you need to apply for VAT registration. In this month's blog…
Deadlines and Penalties for Limited Companies
Do you own a Limited company? If you’re unsure whether you fall into this category, ask your accountant, or find out more here about Limited Companies on the government website. Why…