Insights

If you’re married or in a civil partnership, you could be one of the 2.1 million couples currently benefiting from Marriage Allowance. Understanding Marriage Allowance It is a tax benefit that is available to married couples and civil partners in the UK. The allowance allows for a portion of one partner's unused personal allowance to […]

Running your own business can incur a number of costs, not least renting premises. But if you are a sole trader you may prefer to work from home. It’s convenient, there’s no commute and you’re on hand if extra childcare is needed. Plus, there is the bonus of saving costs. But did you know there […]

Businesses are being urged to take advantage of the 130 per cent super-deduction tax relief before its March deadline. Introduced during the pandemic, super-deduction was designed to help organisations continue to invest through the difficult times. But from March 31, the support will draw to a close. What is super-deduction? Super-deduction is a tax incentive […]

Struggling households are receiving payments into their bank accounts to help them with the ongoing cost-of-living crisis. More than eight million families on means-tested benefits will automatically receive £301 with a further 6.5 million on disability payments due to receive £150 in the summer. Work and Pensions Secretary, Mel Stride said: “These direct payments will […]

The pound in your pocket could become digital as the Bank of England starts a consultation on the future of currency. Together with the Treasury, the Bank has launched research into what a central bank digital currency (CBDC) would look like and will be looking for views from the public. Chancellor of the Exchequer Jeremy […]

Looking for childcare for the February half-term? Don’t forget you can save up to £2,000 a year with Government support. Families are being reminded that opening a Tax-Free Childcare account can help their bank balance if they have children aged 11 or under – or 16 if their child has a disability – if they […]

A noodle shop in Hertfordshire is the 100,000th recipient of support from the Government’s Start Up Loans programme. More than £940m has been handed out to small businesses since the programme was launched in 2012. Business Minister Kevin Hollinrake said: “We know how important small businesses are to our communities, creating jobs, growth and opportunities, […]

Have you checked the details held on your property ahead of a UK-wide re-evaluation of non-domestic rates in just two months? If the answer is ‘no’, we would strongly advise that you put it on your to-do list. A new non-domestic rating list comes into effect on 1 April after the 2017 list closes. If […]

1 February 2023 – Due date for corporation tax payable for the year ended 30 April 2022. 19 February 2023 – PAYE and NIC deductions due for month ended 5 February 2023. (If you pay your tax electronically the due date is 22 February 2023) 19 February 2023 – Filing deadline for the CIS300 monthly […]

There are a multitude of rules and regulations that you must be aware of when you employ someone from abroad who is coming to work in the UK. HMRC’s guidance (entitled New employee coming to work from abroad) sets out some important issues to be aware of when taking on a new employee from abroad. […]

The taxable turnover threshold, that determines whether businesses should be registered for VAT, is currently £85,000. The taxable turnover threshold that determines whether businesses can apply for deregistration is £83,000. It was confirmed as part of the Autumn Statement 2022 measures that the taxable turnover registration and deregistration thresholds will be frozen at the current […]

Under current rules, you can claim tax relief for your private pension contributions. The annual allowance for tax relief on pensions is £40,000 for the current tax year. There is a three year carry forward rule that allows you to carry forward any unused amount of your annual allowance from the last three tax years […]