Tax News

A new VAT penalty system is now in effect


A major overhaul of VAT penalties came into effect on 1 January 2023. This new approach changes how penalties are ...

Read More

Tax considerations for gifting to grandchildren in the UK


For many individuals in the UK, gifting to grandchildren can be a great way to reduce their tax burden. But ...

Read More

Take advantage of the super deduction allowance – before it’s gone


Businesses are being advised that time is running out to be able to take advantage of the Corporation Tax super-deduction ...

Read More

Implementation of MTD for ITSA delayed for two years


The Government has announced a two-year delay and further changes to the rollout of its Making Tax Digital for Income ...

Read More

Income tax thresholds freeze – What it means for you


You could see your Income Tax bill increase significantly in 2022-23 because of a freeze on Income Tax thresholds announced ...

Read More

R&D relief slashed – Time to plan


Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax credit regime, including ...

Read More

Be prepared for changes to Capital Gains Tax thresholds


The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption will fall from £12,300 to £6,000 ...

Read More

What the Autumn Statement means for Inheritance Tax


In the Autumn Statement, the Chancellor announced that Inheritance Tax (IHT) will be frozen at their current levels for a ...

Read More

How to keep workplace gifts tax-free this Christmas


The season of goodwill is just around the corner as Christmas approaches. It is a time of year when employers ...

Read More