Business Tax

Tax Compliance

Image for hmrc advisory fuel rates company car users 1 december 2023

Tax | HMRC advisory fuel rates for company car users from 1 December 2023

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 December 2023, increasing diesel rates

29 Nov 2023

Tax | Autumn Statement 2023: tax breaks for freeports extended

The Chancellor announced on Wednesday the extension of tax breaks for freeports and investment zones from five to 10 years

24 Nov 2023

Tax | Autumn Statement 2023: £150k cash basis threshold removed

Changes to cash basis reporting set out in the Autumn Statement will see the complete removal of the £150,000 turnover threshold limit for sole traders

23 Nov 2023

Tax | Autumn Statement 2023: enterprise investment scheme extended

The government will legislate to extend the lifetime of enterprise investment schemes and venture capital trusts for at least 10 years

22 Nov 2023

Image for autumn statement 2023 small business rates frozen

Tax | Autumn Statement 2023: small business rates frozen

A £4.3bn support fund for small businesses over five years has been announced, along with the small business multiplier being frozen at 49.9p

22 Nov 2023

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Tax | Autumn Statement: R&D relief changes go ahead in 2024

The overhaul of R&D relief will go ahead from April 2024 merging the two systems and reducing the intensity threshold from 40% to 30% for SMEs with a soft landing

22 Nov 2023

Image for autumn statement 2023 full expensing made permanent

Tax | Autumn Statement 2023: full expensing made permanent

The Chancellor has confirmed that full expensing will be put on a permanent footing and a review of capital allowance rules is planned

22 Nov 2023

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Tax | Q&A: company expenditure on director’s home

In this week’s Q&A, Ewan Edwards, VIP tax advisor at Croner-i, examines whether capital allowances can be claimed when a business premises transfers to the owner’s home and needs refurbishment

21 Nov 2023

Tax | Scotland plans national aggregates tax

The Scottish government has issued draft rules for a special aggregates tax to replace the UK levy to encourage the use of recycled construction materials

16 Nov 2023

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Tax | Too much ‘tinkering’ with UK taxes stunts growth

The recent hike in the corporation tax rate has created a climate of uncertainty for businesses in the UK compared with international competitors

9 Nov 2023

Tax | HMRC clarifies tax refunds on directors loans

HMRC has updated guidance on how close companies can reclaim tax on directors loans

8 Nov 2023

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Tax | Changes to R&D tax relief cause confusion

Poorly thought-out changes to R&D relief are causing confusion for accountants, tax software providers and companies, warns Blick Rothenberg

8 Nov 2023

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Tax | Majority of businesses expect taxes to rise

Companies are warning that taxes are likely to rise for businesses after a general election, a marked shift in mood from just four months ago, while HMRC service levels seen as problematic

6 Nov 2023

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Tax | La Perla faces closure over unpaid £2.8m tax bill

Luxury lingerie company La Perla is going to be wound up after it failed to pay a £2.8m tax bill to UK tax authorities

2 Nov 2023

Tax | Rushed R&D tax reforms need to be delayed

Accountancy bodies have called for a one-year delay to the rollout of new R&D tax rules, and criticised the inadequate consultation and lack of guidance during a House of Lords hearing. Sara White reports

24 Oct 2023