Tax Tuesday: Could a change in accounting period save tax?

Tax Tuesday: Could a change in accounting period save tax?

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...
All you need to know about the recent changes to pension tax

All you need to know about the recent changes to pension tax

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...
New Associated Company Rules for Corporation Tax

New Associated Company Rules for Corporation Tax

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...
Spring Budget: updates to business taxes

Spring Budget: updates to business taxes

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...
Spring Budget 2023

Spring Budget 2023

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...
Check your NI record for gaps before 31 July 2023

Check your NI record for gaps before 31 July 2023

If you are planning to claim the UK state pension, you should make sure to check your national insurance (NI) record before 31 July 2023. Your NI record consists of your NI contributions and credits, which in turn will affect your state pension entitlement (along with...