Insights

Corporate Tax

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October 28, 2024

Making way for E-invoicing


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The government wants businesses to make more use of electronic invoicing to combat VAT fraud and enhance tax collection.

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October 21, 2024

Capital gains tax receipts


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Raising tax rates is a traditional government strategy to increase tax receipts for HMRC, but this may not be the case for capital gains tax (CGT). This is because taxpayers generally have more control over when gains are realised.

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October 14, 2024

Tips and troncs – what does it mean for your business?


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Since July, it has been illegal for employers to withhold tips from staff. The payment of tips will probably result in a national insurance contribution (NIC) cost for both employer and employees, but this extra cost can be circumvented if a tronc arrangement is used to distribute tips.

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September 23, 2024

Dividend allowance cut doubles taxpayers


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With the dividend allowance now cut to just £500, the number of taxpayers paying tax on dividend income for 2024/25 is expected to be double what it was three years ago.

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September 16, 2024

Capital gains tax: a minority sport?


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The Labour Party’s 2024 manifesto said, ‘We will not increase National Insurance, the basic, higher, or additional rates of Income Tax, or VAT.’ The absence of any comment on CGT meant that Rachel Reeves received persistent questions during the election campaign about a possible increase.

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August 30, 2024

Achieving a tax efficient business exit


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For a tax efficient exit, you need to plan years ahead to reap the benefits. Let’s look at some of the taxes and tax reliefs you need to consider.

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August 12, 2024

Digital invoicing could prevent invoice fraud


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Companies without a digital invoice processing system in place are leaving themselves open to invoice fraud. Over the past year, nearly a third of businesses have been targeted.

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July 29, 2024

Class 4 NIC reductions benefit the self-employed


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Self-employed workers will see a substantial reduction in their Class 4 national insurance contributions (NICs) for the current tax year after two percentage cuts were announced in the 2023 Autumn Statement and 2024 March Budget.

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July 19, 2024

What the new labour government means for business


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Following their victory in the 2024 UK election, the new government have to begin to deliver on their manifesto. Heres what is will mean for businesses.

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July 12, 2024

Corporate governance for SMEs


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Corporate governance is not just for listed companies.

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June 3, 2024

Have you overlooked a changed tax status?


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With allowances frozen or cut, you may have underpaid tax for 2023/24

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May 27, 2024

Daily penalties come in for late self assessment returns


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Around 1.1 million taxpayers who failed to submit the self assessment tax return for 2022/23 on 31 January 2024 now face a £10 daily penalty charge by HMRC.

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