NEWS
We will keep you up to date with everything you need to know about your finances.
Government launches cryptoassets consultation
The Government has launched a consultation to modify the tax treatment of cryptoassets used in decentralised finance (DeFi) lending and staking transactions. Find out more in our latest article.
How to inflation-proof your investments
In our current financial climate it can be a little difficult to know how to invest your money wisely. Check out our latest article that covers some of the methods you can use to inflation-proof your investments.
Employee Share Schemes
As an employer, there are many ways you can reward and incentivise your staff, from Christmas parties to team lunches. But one of the most attractive options is an employee share scheme. Find out more in our latest article.
Is it a good time to buy to let?
Expanding your property portfolio can help increase your financial security — but is now a good time to buy to let? Recent economic factors such as soaring mortgage rates and reduced tax relief could also negatively impact your profits as a landlord, so it’s essential to weigh up your options carefully. In this article, we’ll discuss the pros and cons of investing in buy to let in 2023.
HMRC U-turns on paper only self-assessments
Just weeks after announcing downloadable self-assessment returns would no longer be available online, HMRC has backtracked its decision. Find out more here in our article.
New business rates bill aims to “let communities thrive”
The Government has introduced a new bill to modernise business rates across the country. Following feedback from businesses calling for a fairer system, the new Non-Domestic Rating Bill, announced on 29 March, will support businesses by incentivising property investment and introducing more frequent valuations. Find out more here.
Digital service tax could become permanent
A new report from the Public Accounts Committee (PAC) warns that the "temporary" digital services tax (DST) could stay in place longer than planned. Find out more here.
HMRC releases guidance on LTA abolition
HMRC has released guidance clarifying how it will phase in the abolition of the lifetime allowance (LTA) for pensions following it’s announcement by Chancellor Jeremy Hunt in his Spring Budget 2023. Find out more here.
Full expensing: the new corporation tax incentive explained
In his Budget speech in March earlier this year, Chancellor Jeremy Hunt kicked off the Government’s plan for growth with changes to business tax legislation, a key policy being ‘full expensing’. But what did the Chancellor mean by ‘full expensing’, and how does the policy work?
Chancellor removes lifetime pension limit
The pension lifetime allowance (LTA), which limits the amount savers can contribute to their pensions without a tax charge, will be abolished, Chancellor Jeremy Hunt announced in his Spring Budget. Read more here.
Government extends voluntary NI deadline
The Government has extended the voluntary National Insurance deadline by an extra four months, meaning taxpayers now have until 31 July 2023 to make additional payments and help increase their state pension entitlement.
Finance sector increases female representation
The finance sector is making strides in female representation, according to a new report from the Women in Finance charter. The report shows that the proportion of women in senior management roles across charter signatories rose to 35% in 2022.
Investment Zones Explained
In his first Spring Budget as Chancellor, Jeremy Hunt announced a number of ‘investment zones’ across the country. Find out details about what that really means.
Super-deduction replaced by “full expensing”
In his first Spring Budget speech, Chancellor Jeremy Hunt announced a new "full expensing policy" to encourage business investment. Find out more here.
ESG: how green are you?
Environmental, social and governance (ESG) is a set of standards that measures how green, socially conscious and well-run a business is. In this article, we’ll discuss how to assess your business’s environmental footprint, social impact and governance principles, and explain why running a forward-thinking business is so important.
Tax Card 2023/24
This tax card will provide all the rates and allowances based on the fiscal statement and Budget announcements made by the UK and Northern Ireland, Scottish and Welsh Governments.
Calls for R&D Reforms to be Paused
The Association of Taxation Technicians (ATT) welcomes a report by the House of Lords expressing concern over proposed reforms to the R&D scheme.
Chancellor Outlines Four ‘ES’ for Economic Growth
Speaking at Bloomberg’s European HQ in London on 27 January, Chancellor Jeremy Hunt outlined plans to grow the UK economy and turn the country into “one of the most prosperous countries in Europe”.
Over 300,000 Taxpayers Miss Self-Assessment Deadline
Despite a record 11.7 million people submitting their tax returns on time, over 300,000 taxpayers missed the self-assessment deadline.
Spring Budget: Other Announcements
Find out more about the recently announced Spring Budget and it’s effects on: alcohol and cigarettes, fuel, tax simplification, AI competition and more.