Capital AllowancesA Corporation Tax 100% First Year Allowance was introduced in the Spring Budget for the period 01 April 2023 to 31 March 2026. Known as ‘full expensing‘, this replaced the 130% super-deduction, which ended on 31 March 2023. In… Read more
On 21 November 2023, the UK Government accepted the recommendations of the Low Pay Commission. The headline announcement is that the higher National Living Wage will be paid to those over 21 rather than 23 now. The following rates will… Read more
The Requirement to File a Self-Assessment ReturnThe government will legislate so that individuals who only have PAYE income do not have to complete a tax return. Tax AvoidancePromoters of tax avoidance schemes will be subject to a new criminal offence,… Read more
In October, we wrote about the Self-Assessment registration deadline (the 5th). Hot on the heels of this, you may receive communication in the following weeks or months from HMRC about the requirement to complete a Self-Assessment tax return. The thing… Read more