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
Research and Development (R&D) is a Corporation Tax relief that is a Government support to some UK companies working on innovative projects in science and technology. There are currently two R&D schemes: – For large companies, Research and Development Expenditure… Read more
The marriage allowance is £1,260 of the personal allowance which is available for transfer between spouses or civil partners. But this amount can only be transferred where the recipient is taxed at the basic rate (20%) or less (starter, basic… Read more
The main rate of corporation tax rose from 19% to 25% on 1 April 2023 for companies with profits over £250,000. The small profits rate of 19% applies where company profits don’t exceed £50,000 for the year. Between those profit… Read more