At the end of April, the Government held their second ever ‘Tax Administration and Maintenance Day’. This provided an opportunity to clarify and publish a summary of the current technical proposals and consultations regarding the UK’s tax system. One of the main focal...
By now you may be aware that from 1st April 2023 the main rate of corporation tax increased from 19% to 25%. For companies whose accounting periods straddle 1st April, the corporation tax for that period will be applied at a blended rate. This has raised a question of...
On 6th April, the government introduced several changes to pension allowances that individuals are entitled to before tax. These came as part of the government’s plans to ‘get Britain back to work’, which included incentivising a longer work life, particularly for...
As we reach the 2022/23 year-end tomorrow, several changes to tax have already come into place from 1st April, including an increase to corporation tax rates. Our last Tax Tuesday instalment discussed these changes to the main rate, small profits rate, and marginal...
Last week, Chancellor of the Exchequer, Jeremy Hunt, revealed his Spring Budget to MPs in the House of Commons, laying out the government’s plans for economic growth. In this week’s Tax Tuesday, we provide an insight to the upcoming changes to business taxes as...
Download our Spring Budget Summary Report here Today, Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. The...
