This is where we keep you up to date with announcements by HMRC, share tips to help you save money and run your business.
Q: I'm a business owner. I've recently purchased new equipment for my business costing £74,000. Specifically, could you explain how the Annual Investment Allowance (AIA) works for the 2024/25 tax year and how I can claim it for these purchases? A: Businesses can claim capital allowances for things that ...
Read moreWhilst many of you will have been tuned in to watch Europe’s top footballing nations battle it out in Euro 2024 in Germany, back in the UK there has been some attention on a rarely discussed aspect of the beautiful game – tax. One strand of the conversation has ...
Read moreWhilst the main focus of the nation in terms of tax talk has all been about the General Election, some very interesting figures have been published this month by HMRC. Have you heard before of the phrase the ‘Tax Gap’? The stats in question surround this topic. According ...
Read moreOnce the votes are all counted and we know who the winners and losers are in this year’s General Election on 4 July, minds will start turning to the implementation of the policies promised by the incoming party. Whether the next Government is Labour, Conservative, a Coalition or ...
Read moreYou’ve probably heard a fair bit about tax so far in this General Election campaign, with many claims and counter-claims thrown around by the major parties. How do we know what to really make of it? For seasoned political aficionados, it is familiar story at election time. ...
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