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Reviewing your business structure and understanding why companies reorganise is important. Undertaking a business reorganisation can be used to split off parts of your business and can help to minimise risk, prepare for sale and create tax saving opportunities.

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Changes to the pension tax allowances announced in the March Budget could mean your retirement planning strategy needs to be reviewed.

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The main rate of corporation tax rate increased from 19% to 25% from 1 April 2023.

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With HMRC under pressure to collect more tax owed, it is moving away from the tolerance shown during the pandemic and back towards a normal level of debt enforcement activity.

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As the end of the tax year is fast approaching, we outline below key points to consider when reviewing your tax affairs ahead of 5 April 2023

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Most directors and employees will already have been issued a tax code for the 2023/24 tax year, and it is important to check the figures as a very large proportion of codes will be incorrect.

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It wasn’t that long ago that HMRC was paying particular attention to businesses understating large cash sales. Now, the decline of cash has led to a proliferation of software used to suppress electronic sales records.

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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.