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The first set of changes introduced by the new Charities Act 2022 will come into force this autumn.
The government recently published draft legislation for the Finance Bill 2022-23, which covers changes to capital gains tax, R&D tax relief and pensions, amongst other subjects.
As of the 5th July 2022, HMRC has raised interest rates on late tax bills by 0.25%, following an increase in the Bank of England base rate to 1.25% in June.
Did you know there is a range of government programmes available to employers who are considering hiring employees, offering work experience or upskilling existing staff?
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.
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