by MAS | Mar 30, 2023 | Business advice, CIS, Financial news, HMRC, NIC
5 April Last day of 2022/23 tax year. Deadline for 2022/23 ISA investments and pension contributions. Last day to make disposals using the 2022/23 CGT exemption. 14 April Due date for income tax for the CT61 period to 31 March 2023. 19 April Automatic interest is...
by MAS | Mar 27, 2023 | CGT, Financial news, HMRC
It’s always a good idea to try to utilise your capital gains tax (CGT) annual exempt amount before the end of the tax year. However, the amount is being cut in less than two weeks; meaning it’s more important than ever to take advantage now. How might you do this? The...
by MAS | Mar 21, 2023 | Budget, Business advice, Financial news, HMRC
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget. Below we set out some of the main points. COST OF LIVING SUPPORT Energy Costs The Energy Price Guarantee (EPG) has been extended by 3 months to 30th June 2023, before increasing to £3,000 until the...
by MAS | Mar 18, 2023 | Accounts, Business advice, Financial news, HMRC
CAPITAL ALLOWANCES The Budget included welcome news for companies facing the end of the super-deduction later this month, with a period of full capital expensing announced. What are the details? The super-deduction is ending on 31 March 2023. This temporary measure...
by MAS | Mar 6, 2023 | Business advice, Financial news, HMRC
The table below sets out the HMRC advisory reimbursement rates for employees’ private mileage using their company car from 1 March 2023. Where full reimbursement is made there is no taxable fuel benefit. The rates for the previous quarter, if different, are in...
