Why will be it be necessary to do some tax planning moving forward. You may have seen in the press last week, there is not going be a “U” turn with the introduction of the new health social care levy. The UK government borrowed another £16.8 billion in December 2021 and the Covid 19 pandemic […]
Category Archives: Tax Tips
01
Dec
Dec
Every year, as certain as Christmas, we have the self-assessment tax filing deadline. This deadline is always on 31st January. And every year just like getting organised with your presents and Christmas cards in time for the big day, we also need to get organised with gathering the information, preparing the tax return, and submitting […]
Employee Benefits, HM Revenue & Customs, P11d, Tax Tips
Christmas gifting and parties – What are the tax implications?
26
Nov
Nov
Entertainment Expenses – what is tax deductible? It is common at this time of the year to see a lot more gifting and partying. It is after all the festive season. The costs of parties and gifts can be a tax allowable expense and any VAT can be claimed back if it relates to employees. […]
01
Oct
Oct
The new penalty regime from HM Revenue & Customs (HMRC) The UK tax system is moving towards a more digital system with the introduction of Making Tax Digital (MTD) and as part of it HMRC are introducing new penalty measures. If you are not familiar with MTD then please visit our previous blogs What is […]
28
Sep
Sep
Do you ever get the impression that in the effort to simplify processes, the government complicates it even more? One recent example is the “simplification” of the Capital Gains Tax (CGT) regime when it comes to reporting. Whilst trying to simplify the process and removing the need to register for the Self-Assessment tax regime, more […]
16
Apr
Apr
The government has committed to investing £22 billion in R&D by 2025 and this was again confirmed in the 2021 budget. The UK is recognised as a world leader when it comes to research and innovations