Posts Tagged Tax - Page 4

In January this year a new penalty points system was introduced for the late filing of VAT returns and the late payment of VAT.

Wednesday 5 April 2023 sees the end of the current tax year so now is the time to think about how to make the most of the allowances and reliefs available to you.

The Scottish Budget plans for 2023/24 were announced on 15 December and included the freezing of tax thresholds and an increase in income tax.

Make your Christmas celebrations as tax friendly as possible by taking advantage of seasonal tax breaks.

Chancellor Jeremy Hunt has announced his Autumn Statement outlining measures to address the £55 billion gap in public finances and manage the impending recession. Here are the main points.

The Government is reforming income tax basis periods. You need to know if and how this may affect your business?

On 17 October the new Chancellor reversed almost all the mini-budget announcements made by Kwasi Kwarteng on 23 September.

Following the recent Bank of England interest rate rise, late payment interest rates levied by HMRC have been increased. 

Chancellor Kwasi Kwarteng unveiled the government's ‘Growth Plan’ package.
Note: this article has been superseded since publication

Do you think if you file your tax return early you will have to pay your tax earlier too? Thankfully, this is not true. But there are benefits to filing your tax return and completing your accounts early.

With the growth of home working during the COVID pandemic, what you pay in tax could alter if you choose to live and work in different counties. And that includes England and Scotland.

HMRC is increasing checks on R&D tax credit claims to stop the abuse of the relief. Find out in simple terms if your business could still benefit from R&D tax relief.