Corporation tax rates will be increasing from April 2023, from 19% to 25%, seeing the return of the small profit rate and main rate of corporation tax.
HMRC has informed traders that they should now move to the Customs Declaration Service if you make your own declarations, or if someone submits import and export declarations on your behalf, or you might not be able to continue trading.
It may have come as a surprise and annoyance for some to learn that HMRC decommissioned their Online End of Year Expenses and Benefits service. There are however other options for payroll managers of smaller companies.
If you’ve claimed any tax relief whilst working from home during the pandemic, you need to check your tax codes and whether HMRC has included that relief in their notice of coding.