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Our summary of the Chancellor’s 2023 Spring Budget is now available. Click here to view our summary. Our Budget Summary provides an overview of the key announcements arising from the Chancellor’s [...]

I have to confess to having had fairly low expectations of this budget, as we had already been told that corporation tax was going up and R&D relief for small and medium-sized companies was [...]

The new tax year starts 6 April 2023, so you have limited time to consider your options and once we pass this date, the majority of the tax planning options for Income Tax and Capital Gains Tax [...]

The deadline for making voluntary national insurance (NI) contributions dating back to April 2006 is 31 July 2023. The government has declared that the voluntary NI rates for contributions made [...]

The newly established Department for Business and Trade (DBT) has introduced a new one-stop-shop for information to assist the success of UK businesses and make it simpler for businesses to [...]

Higher earners miss out on £1.3bn in pension tax breaks Over the past five years, hundreds of thousands of higher earners have failed to collect more than £1 billion in pension tax breaks. All [...]

  HMRC state that they have seen an increase in fraudulent claims for Research & Development (R&D) tax relief. They believe companies in certain sectors are being deliberately [...]

We would like to remind you that new penalties apply if you’re late filing a VAT return or paying your VAT bill. How the interest applies to late VAT payments and late repayments has also [...]

IN ALL THINGS TAX, TIME IS OF THE ESSENCE. As we approach the end of the tax year, now is the time to review your tax affairs to ensure that you have taken advantage of all reliefs available and [...]

If you have unpaid National Insurance contributions between 2006 and 2017, you have until April 5, 2023, to maximise your state pension. On 6 April the number of extra years available to purchase [...]