Business Tax

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Image for autumn statement 2022 employer nic threshold frozen

Tax | Autumn Statement 2022: employer NIC threshold frozen

The Chancellor announced plans to freeze the employer National Insurance threshold until 2028

17 Nov 2022

Tax | Autumn Statement 2022: diverted profits tax increases to 31%

The rate of diverted profits tax will rise by 6% from the new tax year, according to the Autumn Statement Green Book

17 Nov 2022

Tax | Autumn Statement 2022: windfall taxes rise to 45%

In the Autumn Statement, Chancellor Jeremy Hunt outlined a number of changes to the energy profit levy, alongside a new and temporary tax on electricity generators

17 Nov 2022

Tax

Business Tax

Budget

Image for autumn statement 2022 capital gains tax exemption cut ps6k

Tax | Autumn Statement 2022: capital gains tax exemption cut to £6k

The Chancellor plans to halve the capital gains tax exemption to £6,000 from the new tax year

17 Nov 2022

Tax | Haulage contractor loses £1.2m tax appeal

A haulage contractor has lost a First Tier Tribunal (FTT) appeal over a million pound plus accumulation of tax penalties

16 Nov 2022

Tax | Save £200 and access Hardman’s Tax Data for free

We wanted to remind you about a major enhancement we’ve made to Accountancy Daily, our essential news, analysis and insight platform for tax, audit and accounting

16 Nov 2022

Tax | Sign up for our succession planning webinar

Croner-I will be running a live webinar on the tax considerations of succession planning on Wednesday 16 November

15 Nov 2022

Tax | Value of R&D tax credits down by £275m

The value of R&D tax credits relief claimed by UK businesses has fallen for the first time since the scheme began in 2000, down by £275m in a year

14 Nov 2022

Tax | Corporate tax reliefs hit £105bn

The value of business tax reliefs in the UK hit £105.3bn in the past year, shows new research from Thomson Reuters

14 Nov 2022

Tax

Business Tax

HMRC

Image for clothing director loses ps170k tax appeal

Tax | Clothing director loses £170k tax appeal

A director of a clothing company has lost a First Tier Tribunal (FTT) appeal over late filing of his self assessment tax returns

11 Nov 2022

Tax | Retailers not passing on tampon tax VAT cut

Savings on tampon tax are not being passed on by UK retailers in the form of lower prices, according to Tax Policy Associates

11 Nov 2022

Tax

Business Tax

VAT

Image for how salary sacrifice schemes cars work

Tax | How salary sacrifice schemes for cars work

Using salary sacrifice schemes can benefit staff and reduce tax liability on company cars, explains James Fields-Davis, head of fleet development at Volkswagen Financial Services Fleet (VWFS Fleet)

10 Nov 2022

Tax | Southend United has HMRC winding-up petition delayed

Southend United Football Club given extra time to clear its tax debt after HMRC’s winding up petition was adjourned until 18 January 2023

10 Nov 2022

Tax | Basis accounting on profits set to change

HMRC is overhauling the way it assesses profits for sole traders and partnerships using an accounting date between 6 April and 30 March from the new tax year

9 Nov 2022