When people hear that HMRC has changed the tax rules, it normally causes them to groan. But this time, HMRC’s plans could help small businesses as its Making Tax Digital (MTD) programme becomes a reality. With Foxley Kingham’s new accounting solution for small...
The key HMRC reform, which only affects unincorporated businesses, such as partnerships and sole traders, involves moving the calculation of business profits from the ‘current year’ basis to a ‘tax year’ basis. HMRC’s measure was originally put forward as a means of...
Recently, we published guidance for businesses on the importance of Getting your R&D tax credits right, in part 1 – A Buyer’s Guide. In part 2, we’re letting you know in more detail how the landscape for claiming R&D (Research & Development) tax credits is...
Lorna Dias, Tax Manager at GKP, discusses enhanced capital allowances that could benefit your business. Rummaging through the cupboards to eat ANYTHING to avoid a shopping trip and the washing machine idling as loungewear becomes a weekly uniform…the pandemic has, in...
Earlier this year in the Spring edition of ProActivity following the Chanellor’s budget we covered the tax updates and changes for the year ahead. Now a few months on we take a look at the most recent news, updates and things to be aware of for your business,...
Annual Tax on Enveloped Dwellings (ATED) tax unlike other corporation taxes is reported ahead of time rather than retrospectively, in other words, the returns for this year covering the period through until 2022 should have been submitted at the end of April this...
