Capital Allowances - Full Expensing
The Chancellor Jeremy Hunt announced in the November 2023 Budget that full expensing for capital allowances will be made permanent, with the aim to help boost business investment and increase global competitiveness.
Exit planning – what does the future hold for Employee Ownership Trusts?
The UK government has announced that they are going to issue a consultation on the use and effectiveness of Employee Ownership Trusts (EOTs). The focus seems to be ensuring these are primarily being used to incentivise employees.
Capital Gains Tax changes – A summary
In the Chancellor’s Autumn Statement on 17 November 2022, he announced that Capital Gains Tax (CGT) allowances will be reduced from April 2023 and then further reduced from April 2024.
Is your Company ready for the April 2023 tax changes?
From 1 April 2023, there will be a new financial year and as always this comes with a range of changes to the regime of tax applied to companies in the UK.
Let Property Campaign
HMRC run various regimes whereby they target certain types of income, whether this be via enquiry, or to encourage voluntary disclosure.
Your overseas assets, income and gains
Recently, some taxpayers have been receiving letters from HMRC suggesting they have received overseas income or gains that they ‘may’ need to pay UK tax on.
Understanding Inheritance Tax
As part of the Autumn Statement 2022, the government is freezing Inheritance Tax (IHT) thresholds for an extra 2 years, until April 2028. This means that you could risk losing up to 40% of your estate.
Research and Development Tax Credits update from the Autumn Statement
For UK start-ups and small enterprises, the Chancellor significantly reduced R&D Tax Credits in his Autumn Statement.