Draft legislation on the proposal to reform income tax basis periods was released on 20 July 2021. A consultation on how to implement these reforms was also launched alongside the draft legislation.
For some considerable time, there have been tax incentives to encourage UK businesses to invest in plant and machinery and in turn grow the economy.
Since 2013, hundreds of thousands of parents have lost some or all their child benefit, currently worth £1,789 a year for a family with two children.
Are you putting off filing your tax return? Is it something you’d rather worry about next year? 31st January is ages off! Getting your tax return submitted early could bring you several benefits. We look at 9 reasons why we think getting your tax return prepared and submitted early is a great idea.
This is a "fast" moving issue ( forgive the pun ) with rules and regulations changing frequently and manufacturers developing new technology at a similar if not quicker rate, it is therefore worth looking at some of the ways you can keep the tax charge down to a minimum.