Planning for increases in corporation tax rates

Planning for increases in corporation tax rates

Currently the rate of corporation tax is a flat 19% of taxable profits. As part of the government’s plan to recover financially from COVID, from 1 April 2023 the rate of corporation tax will increase to 25% for companies with taxable profits of over £250,000 per...
The Chancellor’s Spring Statement 2022

The Chancellor’s Spring Statement 2022

Download our Spring Statement Summary Report here Harold Sharp’s Summary Report provides a full round-up of the announcements that might impact you and your business. Below we provide our initial reflections on the Statement. In this year’s Spring Statement, the...
Securing Business Asset Disposal Relief (BADR)

Securing Business Asset Disposal Relief (BADR)

We have written in previous Tax Tuesday pieces about the value of the various tax reliefs which are available to entrepreneurs here in the UK. However, the complexity of the tax legislation means it is all too easy to inadvertently miss out on these reliefs if...