4th July 2024
Full expensing allows for a 100% first-year capital allowance for qualifying plant and machinery assets and came into effect last April. To…
20th June 2024
Tax relief may be available for post-cessation expenses of a trade. To be an allowable post-cessation expense the trade must have ceased…
9th May 2024
In the Autumn Statement last year, it was announced that the existing R&D Expenditure Credit and Small and Medium Enterprise Scheme would…
2nd May 2024
HMRC has the power to make directors personally liable for paying the tax debts of companies they have been involved in under…
4th April 2024
HMRC must be informed when a non-trading or dormant company starts trading and becomes active for Corporation Tax purposes. Companies can use…
18th January 2024
A reminder to readers that the full expensing 100% first-year capital allowance for qualifying plant and machinery assets came into effect last…
11th January 2024
A number of reforms to tax reliefs for the creative sectors came into effect from 1 January 2024. Under the reformed system,…
7th December 2023
The normal filing deadline for filing the accounts of a private limited company is nine months after the company’s financial year end….
30th November 2023
The Corporation Tax main rate for companies with profits in excess of £250,000 increased to 25% on 1 April 2023. A Small…
30th November 2023
In the Autumn Statement it was announced that the existing R&D Expenditure Credit and Small and Medium Enterprise Scheme will be merged…