Income Tax and Corporation Tax This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to
Income Tax and Corporation Tax This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to
Diary of main tax events - December 2017 / January 2018 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key
Business rates relief for small businesses. There has been much lobbying from the small business sector to reduce business rates. The Chancellor stated that 600,000 small businesses currently benefit from small business rates
The VAT registration limit normally increases in line with inflation each year, however the limit has been frozen at £85,000 until 1 April 2020. At the same time the deregistration limit remains
Increase in R&D tax relief. The rate of the R&D expenditure credit is being increased from 11% to 12%, in order to support business investment in R&D. This is the relief available to
EIS tax relief increased for investment in tech businesses. The Government will double the amount that an individual may invest under the EIS in a tax year to £2 million from the current
Company car benefits are based on CO2 emissions data which has encouraged employees to choose diesel cars due to lower CO2 emissions. The government is trying to reduce the number of diesel
IR35 rules may be extended to private sector. Although not mentioned in the Budget speech the other documents released on Budget day mention the possible extension of the IR35 rules for personal service
The basic rate of income tax and higher rate remain at 20% and 40% respectively and the 45% additional rate continues to apply to income over £150,000. Although Class 2 National Insurance
The Chancellor reminded us that the government are committed to increasing the personal allowance to £12,500 in 2020 and the higher rate tax threshold to £50,000. However, the personal allowance for