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Full expensing

The full expensing 100% first-year capital allowance for qualifying plant and machinery assets came into effect on 1 April 2023 ...

Tax relief on pension contributions

Taxpayers can usually claim tax relief for their private pension contributions. There is an annual allowance for tax relief on ...

Marriage allowance entitlement

The marriage allowance applies to married couples and those in a civil partnership where a spouse or civil partner does ...

Tax credits top-up

The Cost of Living support package has been designed to help over 8 million households in receipt of mean tested ...

Tax Diary December 2023/ January 2024

1 December 2023 – Due date for Corporation Tax payable for the year ended 28 February 2023. 19 December 2023 ...

Why breakeven analysis can be illuminating

If you focus your energy on sales, there is a chance that your efforts will produce losses. Which is why ...

Closing the door on tax planning

When the end of a tax year passes, the 5 April 2024 for the current year, or the end of ...

What is a business repair?

HMRC’s internal manuals provide some useful information on the definition of a business repair. This is important because it is ...

Reminder of not-so-trivial tax-free benefits

There is a benefit-in-kind (BiK) trivial exemption that applies to small non-cash benefits like a bottle of wine, or a ...

Company tax return obligations

After the end of its financial year, a private limited company must prepare full annual accounts and a company tax ...

Due a student loan refund?

Student Loans are part of the government's financial support package for students in higher education in the UK. They are ...

Childcare support from HMRC

Parents may be eligible to receive childcare support from HMRC using the Tax-Free Childcare (TFC) scheme. The TFC scheme can ...
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