Tax | Budget 2024: employment allowance doubled to £10.5k

To counter the impact of the 1.2% hike in employer’s national insurance contributions to 15%, the employment allowance will be increased

31 Oct 2024

Tax

Business Tax

Employment Tax

Budget

Tax | Budget 2024: reduced business rates for hospitality

The Chancellor has reduced the level of business rate discounts for the retail, hospitality and leisure (RHL) businesses from 2026, while small business scheme is extended

30 Oct 2024

Tax

Business Tax

HMRC

Budget

Tax | Budget 2024: business asset disposal relief up to 14%

Business owners face a gradual reduction in capital gains tax breaks on business asset disposal relief (BADR) but it survives another day

30 Oct 2024

Tax

Business Tax

Budget

Tax | Budget 2024: employers national insurance up 1.2%

In a tax raising Budget, the Chancellor Rachel Reeves increased employers’ national insurance by 1.2% to 15% from April 2025  

30 Oct 2024

Tax

Business Tax

Employment Tax

Budget

Tax | Phantom GDPR fines cannot be written off for tax

HMRC tells companies not to use an illegal tax avoidance scheme featuring General Data Protection Regulation (GDPR) provisions to reduce corporation tax

29 Oct 2024

Tax

Business Tax

HMRC

Tax Compliance

Tax | Why do so many R&D tax relief claims fail at tribunal?

Recent tax tribunal cases highlight how important it is to keep records of R&D activities while the projects are actually happening, explains Karen Evans ACA, R&D tax relief specialist at The R&D Community

28 Oct 2024

Tax

Business Tax

HMRC

Tax Compliance

Tax Planning

Business | CGT Budget speculation triggers surge in reconstruction enquiries

With capital gains tax rises one of the biggest worries for businesses before the Budget, Daniel Martin, tax advisory lead at Croner-i VIP Tax Team, looks at various tax election options

23 Oct 2024

Business

Companies

Tax

Business Tax

Budget

Politics

Tax | Tax and NICs receipts up over £11bn

As the ‘painful’ Budget draws closer tax take climbs despite the 4% reduction National Insurance contributions (NICs) introduced by the previous government

22 Oct 2024

Tax

Business Tax

Personal Tax

Inheritance Tax

VAT

HMRC

Tax | Drop in HMRC service affects 89% of businesses

The number of businesses being negatively affected by HMRC’s poor service has shot up by 23% in less than six months

21 Oct 2024

Tax

Business Tax

HMRC

Tax | Potential CGT rise scaring off investors is a ‘myth’

Increases to capital gains tax (CGT) at the upcoming Budget would not deter investment into the country, warns think tank

17 Oct 2024

Tax

Business Tax

HMRC

Business | 40% business rates relief for film studios

The Treasury plans to give film studios a targeted relief on their annual business rates bill to encourage investment in film and TV

16 Oct 2024

Business

Companies

Tax

Business Tax

Tax | Webinar on how to master Pillar 2 top-up tax

Sign up for our webinar on the UK implementation rules for Pillar Two tax changes

4 Oct 2024

Tax

Business Tax

International Tax

Tax Compliance

Training & CPD

Tax | Win for CFC tax regime as ruled not state aid

The European Court of Justice (ECJ) has overturned a European Commission decision that UK rules on the taxation of controlled foreign companies (CFCs) was state aid

2 Oct 2024

Tax

Business Tax

International Tax

Case Reports

Tax | Q&A: tax deductible if company funds lost through fraud?

In this week’s Q&A, Ewan Edwards, VIP tax advisor at Croner-i explains whether there’s a tax deduction when company fell foul of director fraud

1 Oct 2024

Tax

Business Tax

HMRC

Tax Compliance

Tax | Number of R&D claims drop while expenditure rises

The 2022/23 tax year saw £7.5bn worth of research & development tax credit claims, rising by just £1bn despite the significant drop in businesses claiming the relief

27 Sep 2024

Tax

Business Tax

HMRC