Spring Budget 2020 – Income Tax Rates & Allowances
As expected, it has been confirmed that the 2020-21 personal allowance will be maintained at £12,500 and the basic rate…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
As expected, it has been confirmed that the 2020-21 personal allowance will be maintained at £12,500 and the basic rate…
It has been confirmed by the Chancellor that the Research and Development Expenditure Credit (RDEC) is to be increased from…
The Structures and Buildings Allowances (SBA) facilitates tax relief on qualifying capital expenditure on new non-residential structures and buildings. The…
The government has confirmed that the period for which the 100% first year allowances (FYAs) are available is to be…
Following an announcement at Autumn Statement 2016, and subsequent consultations, the government moved forward with plans to charge Corporation Tax…
Where employees are provided with fuel for their own private use by their employers, the car fuel benefit charge is…
If your contributions record is sufficient, you will be entitled to the state pension on reaching state pension age. The…
In the face of Brexit uncertainties and the recent Coronavirus outbreak the new Chancellor, Rishi Sunak, was faced with falling…
One way to reduce the amount that the taxman takes from an estate in inheritance tax is to make a…
Calculating taxable profits using the cash basis, Under the cash basis, small businesses are taxed on the basis of the…
The employment allowance (EA) is a welcome and valuable benefit for many businesses as it allows them to offset up…
The government has now published its response to the review into the implementation of changes to the off-payroll working rules…
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