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A new points-based penalties regime will impact businesses who submit their VAT returns or pay their VAT late.

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Falling energy prices and higher-than-expected tax revenues mean that the outlook for Mr Hunt’s Spring Budget was a little less bleak than expected. However, did the Chancellor announce any good news for businesses in this Budget?

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2022 inflation was 10.5% with varied components. With end of 2023 predictions of around 5%, any financial planning needs to consider its value-eroding effects.

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HMRC’s app was launched a year ago and is gaining in popularity as it is being used to pay self-assessment tax bills.

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HMRC’s latest wave of ‘nudge letters’ has been targeted at online sellers, influencers and content creators warning them that they may not have paid enough tax.

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Owner-managers have historically benefited by withdrawing profits by way of dividends. However, tax changes taking effect from April 2023 will mean this approach may no longer be such an attractive option.

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A new business energy bill support scheme is set to run from 1 April 2023 to 31 March 2024 but will be less generous than the scheme currently in effect.

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If your employer pays for the fuel in your company cars, it may cost you more than you expected.

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With property prices expected to fall during 2023, parents may be thinking about getting their children onto the property ladder. However, although help with a deposit does not raise that many tax issues, joint ownership can have expensive tax implications.

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Making Tax Digital delayed once again by the government until April 2026, putting more pressure on the self-employed and landlords already facing a challenging economic environment.

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Small company owners should by now be aware of the corporation tax changes taking effect from 1 April 2023, but with the associated company rules changing at the same time, don’t be caught off guard.

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From 1 April 2023, business rates in England and Wales will be updated to reflect changes in property values since the last revaluation in 2017. Although many businesses will see increased bills, others will see reductions. A package of targeted support will help with the transition.